GameStop Corp is the worlds largest multichannel video game retailer The company reported the following amounts in its financial statements (in millions) Required 1 Determine the inventory turnover ratio and average days to sell inventory for 2013 and 2012 Round your answers to one decimal place 2 ...

Req 1 Req 2 The inventory turnover ratio reflects how many times averag ...

GameStop Corp. is the worlds largest multichannel video game retailer. The company reported the following amounts in

Question:

GameStop Corp. is the world€™s largest multichannel video game retailer. The company reported the following amounts in its (in millions).

Required:
1. Determine the inventory turnover ratio and average days to sell inventory for 2013 and 2012. Round your answers to one decimal place.
2. Comment on any changes in these measures, and compare the effectiveness of inventory managers at GameStop with Best Buy, where inventory turned over 5.6 times during 2013 (65 days to sell).

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...