Chapter 7 Homework Saved Help Save & Ex 3 st multichannel video game retailer. The company reported the following amounts (in millions) in its annual financial statements at the end of January 2016 2 Net Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory 2015 7,440 2,200 20 points $12,900 $12,400 7,840 2,200 2,600 Skipped Required: eBook 1. Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. TIP: Remember to use costs in both Print the numerator (CGS) and denominator (average inventory) (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) Inventory Turnover Rato Days to Sell omes per year days times per year days 2. At Ultimate Value, inventory turned over 4.6 times during 2016 (79.3 days to selj. Are the GameWorld Corp. inventory managers more effective or less effective than those at Ultimate Value? More effective Less effective