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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

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 $13,075
Ending inventory 15,901
LIFO reserve 1,324
Current assets 54,946
Current liabilities 66,200
Cost of goods sold 165,163
Sales revenue 182,125

Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e.g. 5.1.)

The inventory turnover

enter a number of times times

Days in inventory

enter a number of days days

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