Please help me .Fast solution please. Thankyou. The financial statements of Concord, Inc's. 2025 annual report disclose the following information:(in millions) May 24, 2025 May 25, 2024 May 26, 2023Inventories$230$260$220SalesCost of goods soldNet income(a)Fiscal Year2025$3,6001,300330Compute Concord's (a) inventory turnover and (b) the average days to sell inventory for 2025 and 2024. (Round inventory turnoverto 2 decimal places, e.g. 7.63 and average days to sell inventory to 1 decimal place, e.g. 65.1.)Inventory turnover2024$3,5001,300300(b) Average days to sell inventory20255.368.9timesdays20245.467.6timesdays

INVENTORY TURNOVER RATIOInventory Turnover Ratio is the Ratio between Cost of Goods Sold &…

The financial statements of Concord, Inc's. 2025 annual report disclose the following information: (in millions) May 24, 2025 May 25, 2024 May 26, 2023 Inventories $230 $260 $220 Sales Cost of goods sold Net income (a) (b) Fiscal Year 2025 $3,600 1,300 330 Inventory turnover 2024 $3,500 Compute Concord's (a) inventory turnover and (b) the average days to sell inventory for 2025 and 2024. (Round inventory turnover to 2 decimal places, e.g. 7.63 and average days to sell inventory to 1 decimal place, e.g. 65.1.) 1,300 300 Average days to sell inventory 2025 5.3 68.9 times days 2024 5.4 67.6 times days

The financial statements of Concord, Inc's. 2025 annual report disclose the following information: (in millions) May 24, 2025 May 25, 2024 May 26, 2023 Inventories $230 $260 $220 Sales Cost of goods sold Net income (a) (b) Fiscal Year 2025 $3,600 1,300 330 Inventory turnover 2024 $3,500 Compute Concord's (a) inventory turnover and (b) the average days to sell inventory for 2025 and 2024. (Round inventory turnover to 2 decimal places, e.g. 7.63 and average days to sell inventory to 1 decimal place, e.g. 65.1.) 1,300 300 Average days to sell inventory 2025 5.3 68.9 times days 2024 5.4 67.6 times days

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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Question

Please help me .

Fast solution please.

Thankyou.

The financial statements of Concord, Inc's. 2025 annual report disclose the following information:
(in millions) May 24, 2025 May 25, 2024 May 26, 2023
Inventories
$230
$260
$220
Sales
Cost of goods sold
Net income
(a)
Fiscal Year
2025
$3,600
1,300
330
Compute Concord's (a) inventory turnover and (b) the average days to sell inventory for 2025 and 2024. (Round inventory turnover
to 2 decimal places, e.g. 7.63 and average days to sell inventory to 1 decimal place, e.g. 65.1.)
Inventory turnover
2024
$3,500
1,300
300
(b) Average days to sell inventory
2025
5.3
68.9
times
days
2024
5.4
67.6
times
days

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