[Answered] Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a

Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning inventory $ 14,475 Ending inventory 13,699 LIFO reserve 1,286 Current assets 60,442 Current liabilities 64,300 Cost of goods sold 162,001 Sales revenue 166,218 (a) Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e. g. 5.1.) The inventory turnover enter a number of times times Days in inventory enter a number of days days eTextbook and MediaAssistance Used List of Accounts

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