Dell Incorporated is the leading manufacturer of personal computers. In a recent year, it reported the following in millions of dollars: Net sales revenue Cost of sales Beginning inventory Ending inventory $ 76,141 58,344 1,700 1,880 Required: Determine the inventory turnover ratio and average days to sell inventory for the current year. Note: Use 365 days a year. Round "Inventory turnover" to 2 decimal places and "Average days to sell inventory" to 1 decimal place. Inventory turnover Average days to sell inventory days
Dell Incorporated is the leading manufacturer of personal computers. In a recent year, it reported the following in millions of dollars: Net sales revenue Cost of sales Beginning inventory Ending inventory $ 76,141 58,344 1,700 1,880 Required: Determine the inventory turnover ratio and average days to sell inventory for the current year. Note: Use 365 days a year. Round "Inventory turnover" to 2 decimal places and "Average days to sell inventory" to 1 decimal place. Inventory turnover Average days to sell inventory days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Dell Incorporated is the leading manufacturer of personal computers. In a recent year, it reported the following in millions of dollars:
Net sales revenue
Cost of sales
Beginning inventory
Ending inventory
$ 76,141
58,344
1,700
1,880
Required:
Determine the inventory turnover ratio and average days to sell inventory for the current year.
Note: Use 365 days a year. Round "Inventory turnover" to 2 decimal places and "Average days to sell inventory" to 1 decimal
place.
Inventory turnover
Average days to sell inventory
days](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7962d3b4-b74a-48c0-a9b3-62b17f7d4995%2F3447e70f-4481-4c4c-9d24-a13bb7b628a1%2Fh16blrb_processed.png&w=3840&q=75)
Transcribed Image Text:Dell Incorporated is the leading manufacturer of personal computers. In a recent year, it reported the following in millions of dollars:
Net sales revenue
Cost of sales
Beginning inventory
Ending inventory
$ 76,141
58,344
1,700
1,880
Required:
Determine the inventory turnover ratio and average days to sell inventory for the current year.
Note: Use 365 days a year. Round "Inventory turnover" to 2 decimal places and "Average days to sell inventory" to 1 decimal
place.
Inventory turnover
Average days to sell inventory
days
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