Comparative figures for Best Buy and RadioShack follow. Required 1. Compute inventory turnover for each company for

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Comparative figures for Best Buy and RadioShack follow.

Required

1. Compute inventory turnover for each company for the most recent two years shown.

2. Compute days’ sales in inventory for each company for the three years shown.

3. Comment on and interpret your findings from parts 1 and 2. Assume an industry average for inventory turnover of 6.3.

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Financial Accounting with IFRS Fold Out Primer

ISBN: 978-0077413804

5th edition

Authors: John Wild

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Question Posted: Mar 18, 2015 10:37 AM

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Comparative figures for Best Buy and RadioShack follow. Required 1. Compute inventory turnover for each company for

Question:

Best Buy RadioShack Current One Year Two Years Current One Year Two Years (S millions) Year Prier Peier Year Prior Prior Inventory .. Cost of sales 4,7534708 4,028 636.3 $ 705.4 $ 752.1 2,648.1 34,017 30,477 27,165 2,3018 2,225.9

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millions 1 2 3 For all years examined here Best Buy manages its inv...View the full answer

Financial Accounting with IFRS Fold Out Primer

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