E7-14 Analyzing and Interpreting the Inventory Turnover Ratio LO7-5

E7-14 Analyzing and Interpreting the Inventory Turnover Ratio L07-5 Sheldon Inc. is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions: Net sales revenue Cost of sales Beginning inventory Ending inventory $ 61,141 49,644 1,080 940 Required: Determine the inventory turnover ratio and average days to sell inventory for the current year. (Use 365 days a year. Round your intermediate calculations and final answers to 2 decimal places.) Inventory turnover Average days to sell inventory days