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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December 12, 2011

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