Inventory Analysis QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market. QT assembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online. Elppa, on the other hand, builds computers for Inventory prior to receiving an order. These computers are sold from inventory once an order is received. Selected financial information for both companies from recent financial statements follows (in millions): QT Elppa Sales $26,280 $34,800 Cost of goods sold 21,900 32,850 Inventory, beginning of period 3,975 Inventory, end of period 996 4,575 a. Determine for both companies (1) the inventory tumover and (2) the number of days' sales In Inventory. Round your calculations and answers to one decimal place. Assume 365 days a year w QT Elppa 1. Inventory turnover 2.20 2. Number of days sales in inventory b. QT has a higher Inventory turnover ratio than does Elppa Company. Likewise, QT has a smaller number of days sales in inventory 996 days days