Chapter 7 Homework 0 Saved 00 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. Net Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory 2016 $15,400 8,840 2,450 2,850 2015 $14,900 8,440 1,750 2,450 12 points 8 02:27:47 Required: 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.) eBook 2015 Print Inventory Turnover Ratio Days to Sell 2016 times per year days times per year days 2. At Ultimate Value, inventory turned over 4.4 times during 2016 (83.0 days to sell). Are the GameWorld Corp. inventory managers more effective or less effective than those at Ultimate Value? O More effective O Less effective