Problem

(L. OBJ. 4) Computing inventory turnover and days sales in receivables [10—15 min] Use...

(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.

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Solutions For Problems in Chapter 14

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