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3M Co. reports beginning raw materials inventory of $1,000 million and ending raw materials inventory of $940 million. 3M purchased $4,731 million of raw materials
3M Co. reports beginning raw materials inventory of $1,000 million and ending raw materials inventory of $940 million. 3M purchased $4,731 million of raw materials and used $4,791 million of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. (Use 365 days per year. Enter your answers in millions.) Raw Materials Inventory turnover 1 Choose Denominator: Choose Numerator: Raw Materials Inventory turnover Raw materials inventory turnover
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