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In its 2016 annual report, Kingbird, Inc. reported inventory of $644 million on January 28, 2017, and $570 million on January 30, 2016, cost of
In its 2016 annual report, Kingbird, Inc. reported inventory of $644 million on January 28, 2017, and $570 million on January 30, 2016, cost of goods sold of $5,770 million for the year, and net sales of $7,280 million for the year. 1. Compute Kingbirds inventory turnover for the fiscal year 2016.
2. Compute Kingbirds average days to sell inventory for the fiscal year 2016.
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