QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market. QT assembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online. Elppa, on the other hand, builds computers for inventory prior to receiving an order. These computers are sold from inventory once an order is received, Selected financial information for both companies from recent financial statements follows (in millions): a. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory, Round your calculations and answers to one decimal place. Assume 365 days a year. b. QT has a inventory turnover ratio than does Eippa Company. Ukewise, QT has a number of days' sales in inventory. Feedrack rowa My wak a1. Dwide the cost of goods wold by the averbge imentory Average inventory = (Beginning inventory + Ending invertory )+2 $2. Divide the average inventory by the averape daly cost of poods sold Average inventory =( Beginning inventory + Ending invertory )+2. Average daly cost of goods sold = cost of goods sold +365 days b. Consider the relacionehip of the accounts involved Consider the afferences between the tap compuries Learng Objective 3