Suppose this mation in mons) is available for the Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning inventory Ending inventory LIFO reserve Current assets Current liabilities Cost of goods sold Sales revenue $14,491 16,401 1,362 55,842 68,100 168,361 175,880 (a) Your answer has been saved. See score details after the due date. Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e.g. 5.1.) The inventory turnover 10.9 times Days in inventory 33.5 days Your answer has been saved. See score details after the due date. Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e.g. 5.1.) The inventory turnover 10.9 times Days in inventory 33.5 days Attempts: 1 of 1 used (b) Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, e.g. 5.12.) The current ratio based on inventory using LIFO :1