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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. $14,491 16,401 Beginning inventory Ending inventory LIFO reserve Current assets Current liabilities Cost of goods sold Sales revenue 1,362 55,842 68.100 168,361 175,880 (a) Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e.g. 5.1.) The inventory turnover times Days in inventory days
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