Question
In its 2019 annual report, Teal Mountain, Inc. reported inventory of $644 million on January 31, 2020, and $554 million on January 31, 2019, cost
In its 2019 annual report, Teal Mountain, Inc. reported inventory of $644 million on January 31, 2020, and $554 million on January 31, 2019, cost of goods sold of $5,890 million for the year, and net sales of $7,240 million for the year. Compute Teal Mountains inventory turnover for the fiscal year 2019. (Round answer to 2 decimal places, e.g. 7.62.)
Inventory turnover | enter the inventory turnover in times rounded to 2 decimal places | times |
Compute Teal Mountains average days to sell inventory for the fiscal year 2019. (Round answer to 2 decimal place, e.g. 7.65. Use 365 days for calculation.)
Average days to sell inventory | enter average days to sell inventory rounded to 1 decimal place | days |
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