Best Buy, Inc. reported the following information for the fiscal year ending on January 30, 2016 (all amounts in millions of dollars): $ 39,528 30,334 Revenue Cost of goods sold January 30, 2016 1,162 January 31, 2015 1,280 Receivables, net Merchandise inventories 5,051 5,174 8. Determine Best Buy Inc's Number of Days' Sales in Inventory. Assume 365 days in a year. A. 46.64 days 47.21 days C. 60.05 days D. 61.52 days B. 9. Determine Best Buy Inc's Number of Days' Sales in Receivables. Assume 365 days in a year. A. 14.69 days 13.98 days C. 11.27 days D. 10.73 days B.

Best Buy, Inc. reported the following information for the fiscal year ending on January 30, 2016 (all amounts in millions of dollars): $ 39,528 30,334 Revenue Cost of goods sold January 30, 2016 1,162 January 31, 2015 1,280 Receivables, net Merchandise inventories 5,051 5,174 8. Determine Best Buy Inc's Number of Days' Sales in Inventory. Assume 365 days in a year. A. 46.64 days 47.21 days C. 60.05 days D. 61.52 days B. 9. Determine Best Buy Inc's Number of Days' Sales in Receivables. Assume 365 days in a year. A. 14.69 days 13.98 days C. 11.27 days D. 10.73 days B.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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