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Inventory Analysis Admiral Company and Corporal, Inc., compete against each other in general merchandise retailing,...

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Inventory Analysis Admiral Company and Corporal, Inc., compete against each other in general merchandise retailing, gas stations, pharmacies, and optical centers. Below is selected financial Information for both companies from a recent y financial statements (in millions) Admiral Company Corporal, Inc. Sales $74,460 $96,700 Cost of goods sold 62,050 91,250 Inventory, beginning of period 2,110 8,200 Inventory, end of period 2,310 9,600 Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory. Round to one decimal place. Admiral Corporal X JL days days 1. Inventory turnover 2. Number of days' sales in inventory b. All of the following are true of Admiral's strategy except: This strategy results in greater obsolescence risk than that used by Corporal

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