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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8. Answer is D
9. Answer is C
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Transcribed Image Text: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.
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