Wright Companies is a multichannel video game and consumer electronics retailer. The company reported the following amounts (in millions) in its annual financial statements at the end of January. Net Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory Required: 2018 $ 16,400 9,240 2,550 2017 $ 15,900 8,840 1,850 2,950 2,550 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. TIP: In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices). 2. At Persaud & Gomes Gaming, inventory turned over 4.6 times during 2018 (79.3 days to sell). Are the Persaud & Gomes Gaming Inventory managers more effective or less effective than those at Wright? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the inventory turnover ratio and average days to sell Inventory for 2018 and 2017. TIP: In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices). (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) Inventory Turnover Ratio Days to Sell 2018 2017 times per year days times per year days