Tara Corporation reported the following information in a recent Form 10-K. Consolidated Statements of Operations ($...

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Tara Corporation reported the following information in a recent Form 10-K. Consolidated Statements of Operations ($ millions) Cost of sales Current Year $103,994 Consolidated Statement of Financial Position ($ millions) Current Year Prior Year Inventory $17,202 $16,564 Compute (a) inventory turnover ratio, and (b) average days in inventory, for the current fiscal year. / Denominator = Ratio Numerator Inventory turnover ratio $ Average days in inventory 103,994 / $ 0x / 0 Result Tara Corporation reported the following information in a recent Form 10-K. Consolidated Statements of Operations ($ millions) Cost of sales Current Year $103,994 Consolidated Statement of Financial Position ($ millions) Current Year Prior Year Inventory $17,202 $16,564 Compute (a) inventory turnover ratio, and (b) average days in inventory, for the current fiscal year. / Denominator = Ratio Numerator Inventory turnover ratio $ Average days in inventory 103,994 / $ 0x / 0 Result