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please list steps , thank you Murphey Wholesalers, Incorporated operated over 900 stores as of September 1, 2019. The following data were taken from the
please list steps , thank you
Murphey Wholesalers, Incorporated operated over 900 stores as of September 1, 2019. The following data were taken from the company's annual report. All dollar amounts are in millions Net sales Cost of goods sold Net Income Merchandise Inventory Fiscal Years Ending September 1, 2019 September 2, 2010 $175, 508 $162,876 152,691 133,952 9,659 7.634 11,560 11,190 Required a. Compute Murphey's inventory turnover ratio for 2019 and 2018. (Round your answers to 1 decimal place.) b. Compute Murphey's average days to sell Inventory for 2019 and 2018. (Assume 365 days in a year. Round your answers to the nearest whole number.) C. Based on your computations in Requirements a and b, did Murphey's inventory management get better or worse from 2018 to 2019? 2019 times days 2018 times days a. Inventory turnover b. Average days to sell inventory c. Murphey's inventory management got Step by Step Solution
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