Question

Game World Corp. is the world's largest multichannel video game retailer The company reported the following its annual inancial statements at the end of January our Required 1. Determine the inventory turnover ratio ad average days to sell inventory for 2016 and 2015. TIP. Remember to use costs in bom the numerator CGS) and denominator average inventory (Use 365 days in a year Round your intermediate and final answers to 1 decimal place) metry Tumowanie Days to see 2. Altimate Value Inventory turned over 46 times during 2016 29.3 days to sell Are the GameWorld Corp. invertory managers more effective or less effective than one time Value Moreetective Less effective MacBook Pro Search or type URL WER sDF G caps lock zxcvo shift command option control

Answer 1

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		Year 2016	Year 2015
Beginning inventory		$          2,550	$          1,950
Ending inventory		$          2,950	$          2,550
Average Inventory	a	$          2,750	$          2,250
Cost of Goods Sold	b	$          9,240	$          8,940
Inventory turnover ratio	b/a=c	3.36	3.97
Days to Sell	365/c	109	92	Days
Less effective since gameworld taks more days to sell the inventory