Calculate the inventory turnover and days in inventory

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Reference no: EM131222952

Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors Corporation uses the LIFO inventory method

Beginning inventory $14,598

Ending inventory 15,950

LIFO reserve 1,345

Current assets 61,278

Current liabilities 70,106

Cost of goods sold 159,033

Sales revenue 182,688

Calculate the inventory turnover and days in inventory.

Reference no: EM131222952

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