Dell Incorporated is the leading manufacturer of personal computers. In a recent year, it reported the following in millions of dollars: Net sales revenue $ 76,251 Cost of sales 58,744 Beginning inventory 1,770 Ending inventory 1,870 Required: Determine the inventory turnover ratio and average days to sell inventory for the current year.
Dell Incorporated is the leading manufacturer of personal computers. In a recent year, it reported the following in millions of dollars: Net sales revenue $ 76,251 Cost of sales 58,744 Beginning inventory 1,770 Ending inventory 1,870 Required: Determine the inventory turnover ratio and average days to sell inventory for the current year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $ 76,251
Cost of sales 58,744
Beginning inventory 1,770
Ending inventory 1,870
Required: Determine the inventory
turnover ratio and average days to sell
inventory for the current year.
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