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7 Haymitch Global Industries is a world leading producer of loudspeakers and other electronics products, which are sold under brand names like JRH, Excelsior, and
7 Haymitch Global Industries is a world leading producer of loudspeakers and other electronics products, which are sold under brand names like JRH, Excelsior, and Haymitch/Krug. The company reported the following amounts in its financial statements (in millions): 3.12 points 2016 $6,000 2015 $6,060 4,900 4,700 eBook Net Sales Cost of Goods Sold Beginning Inventory Ending Inventory 550 470 660 550 Print Required: References 1. Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) 2016 times per Inventory Turnover Ratio Days to Sell 2015 times per year days year days
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