The following information (in U.S. millions) is available for Limited Brands, Inc., the parent company of Victoria's
Question:
The following information (in U.S. millions) is available for Limited Brands, Inc., the parent company of Victoria's Secret, La Senza, and Bath & Body Works, among other companies:
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(a) Calculate the inventory turnover and days in inventory ratios for 2010 and 2009.
(b) Did Limited Brands' inventory management improve or deteriorate in 2010?
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a b The inventory management improved slightly in 2010 as evidenced by the ...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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