Problem 3-4 Calculating Inventory Turnover [LO2] The Top Corporation has ending inventory of $483,500, and cost of goods sold for the year just ended was $3,693,940. a. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days' sales in inventory? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long on average did a unit of inventory sit on the shelf before it was sold? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Inventory turnover times b. Days' sales in inventory days c. Inventory days on shelf days