Analyzing and Interpreting the Inventory Turnover Ratio
Dell Inc. is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions:
Net sales revenue | $61,101 |
Cost of sales | 50,144 |
Beginning inventory | 1,180 |
Ending inventory | 867 |
Required:
1. Determine the inventory turnover ratio and average days to sell inventory for the current year.
2. Explain the meaning of each number.
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