Click to watch the Tell Me More Learning Objective 7 video and then answer the questions below. 1. Inventory turnover is calculated as a. cost of merchandise sold divided by inventory b. cost of merchandise sold divided by average inventory C. cost of merchandise sold divided by total assets d. None of these choices are correct. 2. The number of days' sales in inventory is calculated as a, the average inventory divided by the average daily cost of merchandise sold b. the ending inventory divided by the cost of merchandise sold c. net income divided by sales d. None of these choices are correct