Divergent Technologies Reported the Following Information in Their 20X2 Annual

Essay

Divergent Technologies reported the following information in their 20X2 annual report: (In millions) $$\begin{array} { | l | r | } \hline \text { Net sales revenue } & \$ 15,540 \\\hline \text { Cost of sales } & 8,960 \\\hline \text { December 31, 20X2 inventory } & 1,650 \\\hline \text { December 31, 20X1 inventory } & 1,380 \\\hline\end{array}$$
1. Determine the inventory turnover ratio
2. Determine the average days to sell inventory
3. Explain the meaning of each number.