Persaud & Gomes Gaming is a multichannel video game and consumer electronics retailer. The company reported the following amounts (in millions) in its annual financial statements at the end of January Net Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory 2018 $ 16,900 9,440 2,600 3,000 2017 $ 16,400 9,040 1,900 2,600 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017 TIP: In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices) 2. At Game World, inventory turned over 4.7 times during 2018 (777 days to sell). Are the Game World inventory managers more effective or less effective than those at Persaud & Gomes Gaming? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. TIP: In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices). (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) Inventory Turnover Ratio Days to Sell 2018 times per year days 2017 times per year days Required 2 > et Sales Revenue Coat of Goods Sold fening Inventory Ending Twentory $ 16,900 9,440 2,600 3.00 $ 16,400 9.040 1.900 2,00 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017 TIP In both the numerator (CGS) and denominator (average inventory, use costs (not selling prices) 2. At Game World Inventory turned over 47 times during 2018 777 days to sell). Are the Game World inventory managers more effective or less effective than those at Persaud & Gomes Gaming Complete this question by entering your answers in the tabs below. Recited Required 2 Argan World Inventory turned over 4.7 times during 2018 2.2 days to Are the Game World Inventory managers more effective or les affective than those at Persaud Gomes Caming? Ohhi ated Les offective No difference