The following information on cost and net realizable value of Sarasota Ltd's various inventory categories was gathered at December 31: Inventory Categories Cost NRV $344,600 $323,900 Desktops Tablets and readers 167,000 222,500 Laptops 222.000 285,000 Tablets and readers 96,000 93,100 Calculate the lower of cost and net realizable value for each inventory category within Sarasota's inventory. 4 Lower of cost and net realizable value $ List of Accounts Prepare the entry needed to adjust Sarasota's inventory value to the lower of cost or net realizable value at December 31. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit View Policies Current Attempt in Progress The following information is available for Canadian Tire Corporation (in $ millions): 2015 2014 2013 Inventory $ 1,764.5 $1,623.8 $1.481.0 Net sales 12,279.6 12,462.9 11.785.6 Cost of goods sold 7,747.1 8,033.2 7,678.0 (a) Calculate the inventory turnover and days in inventory ratios for 2015 and 2014. (Round inventory turnover to 1 decimal place, eg. 15.2. Round days in inventory to nearest day, eg. 15. Use 365 days for calculation.) 2014 2015 times times Inventory Turnover days Activate Windows days Days in Inventory