Organic Ways is a large food and drug retailer with more than 1,700 stores in the U.S.and Canada.The following financial information relates to fiscal years, 2017 and 2018.
( $$\begin{array} { l r r }
\text { (In Millions) } & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \
\text { Sales } & \$ 34,286 & \$ 38,185 \
\text { Cost of goods sold } & 32,000 & 34,000 \
\text { Accounts receivable } & 577 & 461 \
\text { Merchandise inventory } & 2,905 & 2,510
\end{array}$$
How much is the company's inventory turnover for 2018?

Question

Organic Ways is a large food and drug retailer with more than 1,700 stores in the U.S.and Canada.The following financial information relates to fiscal years, 2017 and 2018.
( $$\begin{array} { l r r } 
\text { (In Millions) } & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \
\text { Sales } & \$ 34,286 & \$ 38,185 \
\text { Cost of goods sold } & 32,000 & 34,000 \
\text { Accounts receivable } & 577 & 461 \
\text { Merchandise inventory } & 2,905 & 2,510
\end{array}$$
How much is the company's inventory turnover for 2018?

Quizplus · Accepted Answer

The Answer of Organic Ways is a large food and drug retailer with more than 1,700 stores in the U.S.and Canada.The following financial information relates to fiscal years, 2017 and 2018.
( $$\begin{array} { l r r } 
\text { (In Millions) } & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \
\text { Sales } & \$ 34,286 & \$ 38,185 \
\text { Cost of goods sold } & 32,000 & 34,000 \
\text { Accounts receivable } & 577 & 461 \
\text { Merchandise inventory } & 2,905 & 2,510
\end{array}$$
How much is the company's inventory turnover for 2018?

Organic Ways Is a Large Food and Drug Retailer with More