Required information Exercise 6-15A Calculate cost of goods sold, the inventory turnover ratio, and average days in inventory (L06-2, 6-7) [The following information applies to the questions displayed below) Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Clark Inventory (beginning) 5 14,000 $ 40,000 Inventory (ending) 8,000 50,000 Purchases 120,000 150,000 Purchase returns 5.000 50,000 Exercise 6-15A Part 2 2. Calculate the inventory turnover ratio for each company Inventory Turnover Ratio times Lewis times