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E7-16 (Static) Analyzing and Interpreting the Inventory Turnover Ratio LO7-6 Dell Incorporated is the leading manufacturer of personal computers. In a recent year, it reported
E7-16 (Static) Analyzing and Interpreting the Inventory Turnover Ratio LO7-6 Dell Incorporated is the leading manufacturer of personal computers. In a recent year, it reported the following in millions of dollars: Net sales revenue Cost of sales Beginning inventory Ending inventory Required: $ 78,660 58,606 2,538 2,678 Determine the inventory turnover ratio and average days to sell inventory for the current year. Note: Use 365 days a year. Round "Inventory turnover" to 2 decimal places and "Average days to sell inventory" to 1 decimal place. Inventory turnover Average days to sell inventory days
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