(L. OBJ. 4) Computing inventory turnover and days sales in receivables [10—15 min]
Use the Low's Companies data in Short Exercise 14-S to complete the following requirements (amounts in billions).
Requirements
1. Compute the rate of inventory turnover for 2011.
2. Compute days’ sales in average receivables during 2011. Round dollar amounts to three decimal places.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.