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Analyzing and Interpreting the Inventory Turnover Ratio Dell Inc. is the leading manufacturer of personal computers. In a recent year, it reported the following in
Analyzing and Interpreting the Inventory Turnover Ratio Dell Inc. is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions: Net sales revenue $ 78,660 Cost of sales Beginning inventory Ending inventory Source: Dell Inc. Required: 58,606 2,538 2,678 1. Determine the inventory turnover ratio and average days to sell inventory for the current year. 2. Explain the meaning of each number
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