Chapter 3 Homework Saved 4 The King Corporation has ending inventory of $483,924, and cost of goods sold for the year just ended was $4,718,259. What is the inventory turnover? (Do not round intermediate calculations. Round a. b. What is the days' sales in inventory? (Use 365 days a year. Do not round c. How long on average did a unit of inventory sit on the shelf before it was sold? (Use your answer to 2 decimal places, e.g., 32.16.) intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) a. Inventory turnover b. Days' sales in inventory c. Days on shelf in inventorydays times