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Problem12-16(PartLevelSubmission) Thefollowinginformation(in$millions)wastakenfromtherecentannualreportsoftwocompanies. CompanyA CompanyB Costofgoodssold $2 7,846 $ 28,278 Averageinventory $2, 971 $4, 622 (a) Calculateeachcompanysinventoryturnover. (Roundanswersto2decimalplaces,e.g.2.55.) CompanyA CompanyB Inventoryturnover times times Attempts:1of1used (b) Calculateeachcompanysaveragedaystosellinventory.

Problem12-16(PartLevelSubmission)

Thefollowinginformation(in$millions)wastakenfromtherecentannualreportsoftwocompanies.

CompanyA

CompanyB

Costofgoodssold

$27,846

$28,278

Averageinventory

$2,971

$4,622

*(a)

Calculateeachcompanysinventoryturnover.(Roundanswersto2decimalplaces,e.g.2.55.)

CompanyA

CompanyB

Inventoryturnover

times

Attempts:1of1used

*(b)

Calculateeachcompanysaveragedaystosellinventory.(Roundanswersto0decimalplace,e.g.25.Use365daysforcalculation.)

CompanyA

CompanyB

Averagedaystosellinventory

days

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