8 GameWorld Corp. is the world's largest multichannel video game retailer. The company reported the following amounts (in millions) in its annual financial statements at the end of January Set Sales Revenue Cost of Goods Sold Beginning Inveatory Ending Inrentory $14,400$13,900 440 8.040 2,350 1,650 2.750 2,350 12 Required: eBlook 1 Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. TIP: Remember to use costs in both the numerator (CGS) and denominator (average inventory) (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) References Inventory Tumover Ratio imes per year days Smes per year days Days to Sell 2. At Ultimate Value, inventory turned over 4 2 times during 2016 (86.9 days to sell) Are the GameWorld Corp, inventory managers more effective or less effective than those at Ultimate Value? More effective Less effective