The financial statements of Crane, Inc's. 2025 annual report disclose the following information:(in millions) May 24, 2025$250ttempt in ProgressInventoriesSalesCost of goods soldNet income(a)(b)2025Fiscal Year$3,9001,300320May 25, 2024$240Inventory turnover2024$3,9001,300Compute Crane's (a) inventory turnover and (b) the average days to sell inventory for 2025 and 2024. (Round inventory turnover to 2decimal places, e.g. 7.63 and average days to sell inventory to 1 decimal place, e.g. 65.1.)300Average days to sell inventoryMay 26, 2023$2002025timesdays2024timesdays

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Description: The financial statements of Crane, Inc's. 2025 annual report disclose the following information:(in millions) May 24, 2025$250ttempt in ProgressInventoriesSalesCost of goods soldNet income(a)(b)2025Fiscal Year$3,9001,300320May 25, 2024$240Inventory

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The financial statements of Crane, Inc's. 2025 annual report disclose the following information: (in millions) May 24, 2025 $250 Inventories Sales Cost of goods sold Net income Fiscal Year 2025 $3,900 1,300 May 25, 2024 320 2024 $3,900 1,300 300 $240 May 26, 2023 $200 Compute Crane'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.) 2025 2024

The financial statements of Crane, Inc's. 2025 annual report disclose the following information: (in millions) May 24, 2025 $250 Inventories Sales Cost of goods sold Net income Fiscal Year 2025 $3,900 1,300 May 25, 2024 320 2024 $3,900 1,300 300 $240 May 26, 2023 $200 Compute Crane'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.) 2025 2024

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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