Ask Question
2 October, 20:22

Toys "r" us had cost of goods sold of $9,421 million, ending inventory of $2,089 million, and average inventory of $1,965 million. its days' sales in inventory equals:

+1
Answers (1)
  1. 2 October, 20:50
    0
    We can calculate for the inventory turnover using the formula:

    Inventory Turnover = Cost of Goods Sold / Average Inventory

    We are given that,

    Cost of Goods Sold = $9,421 million

    Average Inventory = $1,965 million

    Using the formula:

    Inventory Turnover = 9,421/1,965

    Inventory Turnover = 4.79
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Toys "r" us had cost of goods sold of $9,421 million, ending inventory of $2,089 million, and average inventory of $1,965 million. its ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers