) docx m/ln/takeAssignment/takeAssignmentMain.do?inprogress true A brown eyed person ms G D1n humans, brown eye X Book Calculator Print tem Inventory Turnover for Caterpillar The following amounts are available from the 2015 financial statements in the Form 10-K for Ceterpilar, Inc., the fashion reta ler. (All amounts are in millions of dollars and January 30, 2016, is the end of the company's 2015 fiscal year.) Cost of sales and related buying and occupancy costs $6,779 Merchandise inventorles, January 30, 2016 897 Merchandise inventories, January 31, 2015 818 Required 1. Compute Caterpillar's inventory turnover ratio for 2015. If required, do not round intermediate calculations and round your final answer to two decimel places. Use rounded answer in the subsequent calculations times 2. What is the average length of time it takes to sell an item of inventory? Assume a 360-day year. When required, round your answer to the nearest whole number. 20 X days 3. What additional information would help Caterpillar determine whether the time it takes it to sell inventory on average is reasonable? All of these. r Check My Wen Remember, ratio values considered in a vacuum are not the most informative. They become much more useful when referenced against some basis of comparison Next Previous Check My Work