Lewis incorporated and Clark Enterprises report the following amounts for the year. Required: 1. Caiculate cost of goods sold for each compary. 2. Calculate the inventory turnover ratio for each company. 3. Calculate the average days in inventory for each company. 4. Which company appears to be managing its inventory more efficiently? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Calculate cost of goods sold for each company. Complete this question by entering your answers in the tats below. Calculate the invenfory turnover ratio for each compamy. Complete this qunstion by entering your answers in the tabs below. Cuculate the verige days in inventory for eikch cempany. 2. Caiculate the ifventory turnoyer ratio for each company. 3. Calculate the awerage days in inventory for each company. 4. Which company appeais to be managing its ifwentory more efficienty? Complete this question by entering your answers in then tabs tolow. Which company appears to be mansing its inventory more efficiently