QUESTION 17 Consider the following inventory data for two companies: Beginning inventory Ending inventory Purchases Nichols Inc., $120,000 80,000 240,000 Winters Inc., $150,000 100,000 310,000 Which of these companies had the higher inventory turnover ratio? Nichols Winters The ratios are the same for both companies. Cannot determine with the information given QUESTION 18 Consider the following inventory data: Beginning inventory Ending inventory Purchases $150,000 100,000 310,000 What is the average days in inventory for the year? 126.7 days 101.4 days 152.0 days. 111.7 days Click Save and Submit to save and submit. Click Save All Answers to save all ans