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help asap Mor Play Company is a multichannel video game and consumer electronics retailer. The company reported the following amounts (in millions) in its annual
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Mor Play Company is a multichannel video game and consumer electronics retailer. The company reported the following amounts (in millions) in its annual financial statements at the end of January, 2018 $ 11,400 7,240 Net Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory 2012 $ 18,988 6,840 1,350 2,ese 2,050 2,450 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. TIP: In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices) 2. At BRB, inventory turned over 4 3 times during 2018 (84.9 days to sell). Are the BRB inventory managers more effective or less effective than those at Mor Play? Required 1 Required 2 Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. TIP: In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices). (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) Inventory Turnover Ratio Days to Sell 2018 times per year days 2017 times per year days Real Required 2 > Required 1 Required 2 At BRB, inventory turned over 4.3 times during 2018 (84.9 days to sell). Are the BRB inventory managers more effective or less effective than those at Mor Play? More effective Oless effective O No difference Step by Step Solution
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