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Determine the inventory turnover for both companies. Round all calculations to one decimal place. b. Determine the days’ sales in inventory for both companies. Use 365 days and round all calculations to one decimal place. Note : for question b if you thing For Monster Beverage Days Sales in Inventory=365 days / Inventory Turnover ratio=3655.7=64.0days For Brown-Forman: 521.4 it is incorrect answers please find another answers.

Determine the inventory turnover for both companies. Round all calculations to one decimal place. b. Determine the days’ sales in inventory for both companies. Use 365 days and round all calculations to one decimal place. Note : for question b if you thing For Monster Beverage Days Sales in Inventory=365 days / Inventory Turnover ratio=3655.7=64.0days For Brown-Forman: 521.4 it is incorrect answers please find another answers.

FINANCIAL ACCOUNTING
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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a. Determine the inventory turnover for both companies. Round all calculations to one decimal place.

b. Determine the days’ sales in inventory for both companies. Use 365 days and round all calculations to one decimal place.

Note : for question b if you thing

For Monster Beverage

Days Sales in Inventory=365 days / Inventory Turnover ratio=3655.7=64.0days

For Brown-Forman: 521.4 it is incorrect answers please find another answers.

Cost of goods sold Inventories: Beginning of year End of year Monster Beverage $1,512 256 278 Brown-Forman $ 973 1,379 1,520
Transcribed Image Text:Cost of goods sold Inventories: Beginning of year End of year Monster Beverage $1,512 256 278 Brown-Forman $ 973 1,379 1,520
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