The financial statements of Blossom, Inc's. 2025 annual report disclose the following information: (in millions) Inventories May 24, 2025 $270 Sales Cost of goods sold Net income Fiscal Year 2025 May 25, 2024 May 26, 2023 $220 $220 $3,900 1,400 320 2024 $4,000 1.300 260

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The financial statements of Blossom, Inc's. 2025 annual report disclose the following information:
(in millions)
Inventories
May 24, 2025
$270
Sales
Cost of goods sold
Net income
Fiscal Year
2025
May 25, 2024
$220
$3,900
1,400
320
2024
$4,000
1.300
260
May 26, 2023
$220
Transcribed Image Text:Current Attempt in Progress The financial statements of Blossom, Inc's. 2025 annual report disclose the following information: (in millions) Inventories May 24, 2025 $270 Sales Cost of goods sold Net income Fiscal Year 2025 May 25, 2024 $220 $3,900 1,400 320 2024 $4,000 1.300 260 May 26, 2023 $220
Compute Blossom's (a) inventory turnover and (b) the average days to sell inventory for 2025 and 2024. (Round Inventory tumover to 2
decimal places, eg. 7.63 and average days to sell inventory to 1 decimal place, e.g. 65.1.)
(a) Inventory turnover
(b)
Average days to sell inventory
2025
times
days
2024
times
days
Transcribed Image Text:Compute Blossom's (a) inventory turnover and (b) the average days to sell inventory for 2025 and 2024. (Round Inventory tumover to 2 decimal places, eg. 7.63 and average days to sell inventory to 1 decimal place, e.g. 65.1.) (a) Inventory turnover (b) Average days to sell inventory 2025 times days 2024 times days
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