Use the Following Information That Was Obtained from the 2018

Use the following information that was obtained from the 2018 and 2017 financial statements of Pacific Company,River Corporation,and Ocean Company to answer the questions that follow.
Required
Compare the three companies and answer the following:
$\begin{array}{lrrrr}\text { (in millions) } && \underline{\text { Pacific }} & \underline{\text { River }}& \underline{\text { Ocean }}\\\text { Accounts receivable } & \text { December } 31,2018 & \$ 33,000 & \$ 22,000 & \$ 41,500 \\& \text { December } 31,2017 & 30,000 & 12,800 & 42,600 \\\text { Inventory } & \text { December } 31,2018 & 22,600 & 12,600 & 54,200\\& \text { December 31,2017 } & 23,900 & 32,800 & 44,000 \\\text { Net sales (Credit) } & 2018 & 620,000 & 320,000 & 510,000\\& 2017 & 610,000 & 310,000 & 760,000 \\\text { Cost of goods sold } & 2018 & 211,000 & 406,000 & 311,000 \\& 2017 & 156,000 & 200,000 & 310,000\end{array}$ ​
$$\text { A) Compute the number of days' sales in inventory for each company for } 2018 \text {. }$$ ​
B) Which company appears to have the best liquidity position based solely on the inventory analysis? Explain. $\text { C) What information is provided to users with your calculations in part (A)? }$