Nestlé reports beginning raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swiss francs). Assume Nestlé purchased 13,860 and used 14,176 (in millions) in raw materials during the year. Compute raw materials inventory turnover (round to one decimal) and the number of days' sales in raw materials inventory (round to the nearest day).

Nestlé reports beginning raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swiss francs). Assume Nestlé purchased 13,860 and used 14,176 (in millions) in raw materials during the year. Compute raw materials inventory turnover (round to one decimal) and the number of days' sales in raw materials inventory (round to the nearest day).

Name: Nestlé reports beginning raw materials inventory of 3,815 and ending
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Description: Nestlé reports beginning raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swissfrancs). Assume Nestlé purchased 13,860 and used 14,176 (in millions) in raw materials during the year. Compute r

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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