Novak Foods Inc. reported inventory of $$5,000$ million at the end of its $2023$ fiscal year and $$4,700$ million at the

end of its $2022$ fiscal year. It reported cost of goods sold of $$31,137$ million for the fiscal year $2023$ and net sales of

$$47,841$ million for fiscal year $2023.$

Calculate the company's inventory turnover and the average days to sell inventory for the fiscal year $2023.($Round

answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.$ Use $365$ days for calculation.$)$

Inventory Turnover Ratio

times per year

Average days to sell inventory

days

If the turnover ratio was six times in $2022,$ was there an improvement or a deterioration in the company's ability to

turn over inventory in $2023?$

Inventory turnover