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E7-14 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio LO7-5 Jetz is the leading manufacturer of personal computers. In a recent year, it reported
E7-14 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio LO7-5 Jetz is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions: Net sales revenue Cost of sales Beginning inventory Ending inventory $ 76,271 60,044 1,800 1,820 Required: Determine the inventory turnover ratio and average days to sell inventory for the current year. (Use 365 days a year. Round your intermediate calculations and final answers to 2 decimal places.) Inventory turnover Average days to sell inventory days
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