Compare and explain the LCM effect on each amount that was changed in requirement 1. Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell Harman International Industries is a world-leading producer of loudspeakers and other electronics products, which are sold under brand names like JBL, Infinity, and Harman/Kardon. The company reported the following amounts in its financial statements (in millions): Determine the inventory turnover ratio and average days to sell inventory for 2013 and 2012. Round to one decimal place. Comment on any changes in these measures and compare the effectiveness of inventory managers at Harman to inventory at Panasonic Corporation, where inventory turns over 6.7 times per year (54 days to sell). Both companies use the same inventory costing method (FIFO). (Supplement 7A) Analyzing the Effects of the LIFO Inventory Method in a Perpetual Inventory System