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can someone answer this? Thomas Tones Incorporated was founded with the mission of filling every home with music. The company reported the following amounts in
can someone answer this?
Thomas Tones Incorporated was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions) 2017 Net Sales 2018 $ 5,800 $5,860 4,700 4,600 Cost of Goods Sold Beginning Inventory Ending Inventory 460 560 630 560 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) 2018 2017 Inventory Turnover Ratio: times per year times per year Days to Sell days days Step by Step Solution
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