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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 71
Calculating and interpreting the Inventory Turnover Ratio and Days to Sell
Amazon.com reported the following amounts in its financial statements (in millions):
Required:
1. Determine the inventory turnover ratio and average days to sell inventory for 2010 and 2009. Round to one decimal place.
2. Comment on any changes in these measures and compare the inventory turnover at Amazon.com to inventory turnover at Barnes Noble, Inc. , where inventory turned over 3.2 times during 2010 (114.1 days to sell). Based on your own experience, what's the key difference between Amazon.com and Barnes Noble that leads one company's results to be the picture of efficiency and the other to seem like a library
Amazon.com reported the following amounts in its financial statements (in millions):
Required:
1. Determine the inventory turnover ratio and average days to sell inventory for 2010 and 2009. Round to one decimal place.
2. Comment on any changes in these measures and compare the inventory turnover at Amazon.com to inventory turnover at Barnes Noble, Inc. , where inventory turned over 3.2 times during 2010 (114.1 days to sell). Based on your own experience, what's the key difference between Amazon.com and Barnes Noble that leads one company's results to be the picture of efficiency and the other to seem like a library
Explanation
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1.
Determination of inventory turnover ...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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