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(in millions) 2020 2021 2022 Beginning inventory $1,658 $1,970 $2,168 Ending inventory 1,970 2,168 2,250 Cost of goods sold 15,513 16,688 17,285 Sales revenue 33,946 35,466 37,181 (a) Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal place, eg, 52.7.)

(in millions) 2020 2021 2022 Beginning inventory $1,658 $1,970 $2,168 Ending inventory 1,970 2,168 2,250 Cost of goods sold 15,513 16,688 17,285 Sales revenue 33,946 35,466 37,181 (a) Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal place, eg, 52.7.)

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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(in millions) 2020 2021 2022 Beginning inventory $1,658 $1,970 $2.168 Ending inventory 1,970 2.168 2,250 Cost of goods sold 15,513 16,688 17,285 Sales revenue 33,946 35,466 37,181 (a) Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 52.7.)
Transcribed Image Text:(in millions) 2020 2021 2022 Beginning inventory $1,658 $1,970 $2.168 Ending inventory 1,970 2.168 2,250 Cost of goods sold 15,513 16,688 17,285 Sales revenue 33,946 35,466 37,181 (a) Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 52.7.)
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