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Jetz is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions: Net sales revenue $ 76,241
Jetz is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions:
Net sales revenue | $ | 76,241 |
Cost of sales | 59,744 | |
Beginning inventory | 1,880 | |
Ending inventory | 1,790 | |
Required:
Determine the inventory turnover ratio and average days to sell inventory for the current year. (Use 365 days a year. Round your intermediate calculations and final answers to 2 decimal places.)
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