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Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses

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Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning inventory Ending inventory Lis reserve Current assets Current liabilities Cost of goods sold Sales revenue $14.207 14,053 1.540 63.140 77,000 175212 185 341 Calculate the inventory turnover and days in inventory Round onwers to 1 decimal plate 51) The inventory turnover Days in inventory Texthok and Media List of Accounts Calculate the current ratio based on inventory as reported LFO Round answer to 2 decimal places, 5.12 The current ratio based on inventory using LIFO e Textbook and Media Calculate the current rate based on inventory as reported using UFO Round e r to decimal los 5.12) The current ratio based on inventory using LIFO eTextbook and Media List of Accounts Calculate the current for the even t o de aces512) The current ratio after adjusting for the LIFO reserve e Textbook and Media List of Accounts

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