PA7-3 Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell [LO 7-5) Haymitch Global Industries is a world leading producer of loudspeakers and other electronics products, which are sold under brand names like JRH, Excelsior, and Haymitch/Krug. The company reported the following amounts in its financial statements (in millions): 2016 $6,300 5,200 2015 $6,360 5,000 Net Sales Cost of Goods Sold Beginning Inventory Ending Inventory 520 530 220 520 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. (Use 365 days in a year. Round your Intermediate and final answers to 1 decimal place.) 2016 2015 times per year times per year Inventory Turnover Ratio Days to Sel days