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Moz Corporation was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in
Moz Corporation was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions): Net Sales Cost of Goods Sold Beginning Inventory Ending Inventory 2018 $ 5,300 4,200 510 610 2017 $ 5,360 4,050 440 510 Required: 1. Determine the Inventory turnover ratio and average days to sell Inventory for 2018 and 2017. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) Inventory Turnover Ratio Days to Sell 2018 2017 times per year days times per year days
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