Question

Dell Inc. is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions:
Net sales revenue .... $62,071
Cost of sales ...... 48,260
Beginning inventory .... 1,301
Ending inventory ...... 1,404

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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  • CreatedJuly 01, 2014
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