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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 Corporation

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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 Corporation uses the LIFO inventory method. Beginning inventory $13,617 Ending inventory 14,593 LIFO reserve 1,530 Current assets 64,654 Current liabilities 68,889 Cost of goods sold 168,366 Sales revenue 179,603 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 e Textbook and Media List of Accounts Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, eg. 5.12. The current ratio based on inventory using LIFO Calculate the current ratio after adjusting for the LIFO reserve. (Round answer to 2 decimal places, eg. 5.12.) The current ratio after adjusting for the LIFO reserve

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