In its 2013 annual report, Inditex (ESP) reported inventory of 1,581.297 on January 31, 2013, and 1,297.009

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In its 2013 annual report, Inditex (ESP) reported inventory of €1,581.297 on January 31, 2013, and €1,297.009 on January 31, 2012. For 2013, cost of sales was €6,486.825 and net sales were €15,946.143 (all amounts in millions). Compute Inditex’s inventory turnover and average days to sell inventory for fiscal year 2013.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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