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Homework CH 6 9 of 11 < > -19 View Policies Current Attempt in Progress The following information is available from the annual reports
Homework CH 6 9 of 11 < > -19 View Policies Current Attempt in Progress The following information is available from the annual reports of Flint and Donna: (Amounts in millions) Flint Donna 2022 ending Inventory $6,007 $4,814 2021 ending inventory 6,286 5,080 Cost of goods sold 24,586 31,265 Sales revenue 29,372 36,914 2022 LIFO reserve 230 2021 LIFO reserve 225 (a) Calculate the inventory turnover and days in inventory for both companies. (Round inventory turnover to 2 decimal places, e.g. 15.25 and days in inventory to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Flint Inventory turnover Days in inventory times days Donna times days
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