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Sonos, Incorporated, was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions):

Sonos, Incorporated, 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 $ 1,140 Inventory Turnover Ratio Days to Sell 650 115 195 2017 $990 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.) 2018 times per year days 540 55 115 2017 times per year days
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Sonos, Incorporated, was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions): 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 ond final answers to 1 decimal place.)

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