( Thar Find WeeM Inbo Rapi Pow Proc Proco Got Cum nt/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false year, Laurel, Inc. had net sales of $9,375,000 and cost of goods sold of $4,710,000. Laurel had the following balan January 1 December 31 counts receivable $725,000 $775,000 425,000 450,000 entory uired: wi te: Round answers to one decimal place. Assume 365 days per year. Calculate the average inventory. 750,000 x Calculate the inventory turnover ratio. 6.28 X times Calculate the inventory turnover in days. 58 X days CONCEPTUAL CONNECTION Based on these ratios, does Nikkola appear to be performing well or poorly? 1. Based on the ratios Nikkola is performing very well. 2. Based on the ratios Nikkola is not performing as expected. 3. Without more detailed information on Nikkola's and its industry, it is difficult to classify these results as outstan between heck My Work 1 more Check My Work uses remaining