Orion Tech reported the following data in millions of dollars for the previous fiscal year: Net sales revenue Cost of sales $42,850 36,420 Beginning inventory 2,140 Ending inventory 1,780 Determine the inventory turnover ratio and average days to sell inventory for the current year. (Use 365 days a year).

Orion Tech reported the following data in millions of dollars for the previous fiscal year: Net sales revenue Cost of sales $42,850 36,420 Beginning inventory 2,140 Ending inventory 1,780 Determine the inventory turnover ratio and average days to sell inventory for the current year. (Use 365 days a year).

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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