Use the following figures (stated in millions of dollars)to compute the inventory
turnover and the days' inventory on hand: (Round answers to one decimal place).
$\begin{array}{llr}
\text { Cost of goods sold: } & \$ 6,584\
\text { Beginning inventory: } &\$ 915\
\text { Ending inventory:} & \$ 1,177
\end{array}$

a. Inventory turnover = ___________________
b. Days' inventory on hand = ___________________

Question

Use the following figures (stated in millions of dollars)to compute the inventory
turnover and the days' inventory on hand: (Round answers to one decimal place).
 $\begin{array}{llr}
  \text { Cost of goods sold: } & \$ 6,584\
 \text { Beginning inventory: } &\$ 915\
 \text {  Ending inventory:} & \$ 1,177 
\end{array}$
 
a. Inventory turnover = ___________________
b. Days' inventory on hand = ___________________

Quizplus · Accepted Answer

The Answer of Use the following figures (stated in millions of dollars)to compute the inventory
turnover and the days' inventory on hand: (Round answers to one decimal place).
 $\begin{array}{llr}
  \text { Cost of goods sold: } & \$ 6,584\
 \text { Beginning inventory: } &\$ 915\
 \text {  Ending inventory:} & \$ 1,177 
\end{array}$
 
a. Inventory turnover = ___________________
b. Days' inventory on hand = ___________________

Use the Following Figures (Stated in Millions of Dollars)to Compute