Based on information on the morning star website, analyze Mcdonald's inventory turn over the past five...
Based on information on the morning star website, analyze Mcdonald's inventory turn over the past five years?
Homework Answers
inventory turnover = cost of goods sold / inventory
2018 = $10.24 billion / $51.1 million = 200.39 times
2017 = $12.20 billion / $58.8 million = 207.48 times
2016 = $14.42 billion / $58.9 million = 244.82 times
2015 = $15.62 billion / $100.1 million = 156.04 times
2014 = $16.98 billion / $110.0 million = 156.36 times
McDonald's inventory turnover has increased significantly in the past 5 years, which indicates that the company is using its inventory more efficiently.
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