The financial statements of CVS Caremark reported the following information (in millions): CVS Caremark Year 2 Year 1 Net sales $126,761 $123, 120 Cost of sales 102,978 100, 632 Inventories, net 11,045 11,032 The inventory turnover ratio for Year 2 is: Group of answer choices 9.33 8.32 10.22 11.48

The financial statements of CVS Caremark reported the following information (in millions): CVS Caremark Year 2 Year 1 Net sales $126,761 $123, 120 Cost of sales 102,978 100, 632 Inventories, net 11,045 11,032 The inventory turnover ratio for Year 2 is: Group of answer choices 9.33 8.32 10.22 11.48

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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The financial statements of CVS Caremark reported the following information (in millions): CVS Caremark
Year 2 Year 1 Net sales $126,761 $123, 120 Cost of sales 102,978 100, 632 Inventories, net 11, 045 11,032
The inventory turnover ratio for Year 2 is: Group of answer choices 9.33 8.32 10.22 11.48

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