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 und names like JRH. Excelsior, and Haymitch/Krug. The company reported the following amounts in its financial statements (in Net Sales Cost of Goods Sold Beginning Inventory Ending Inventory 2016 $4,400 3,300 140 560 2015 $4,460 3,190 400 440 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. (Use 365 days in a year. Re intermediate and final answers to 1 decimal place.) 2016 times per year Inventory Turnover Ratio Days to Sell 2015 times per year days days