calculate the current ratio based on inventory as reported using LIF0

red Homework Question 6 of 6 -11 Suppose this information (in millions) is available for the Automotive and Other 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 $13,921 14,939 1,423 60,135 70,308 166,259 178,199 (a) Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e.g. 5.1.) The inventory turnover times Days in inventory days o search