Question

GameStop Corp. is the world’s largest multichannel video game retailer. The company reported the following amounts in its financial statements (in millions).
Required:
1. Determine the inventory turnover ratio and average days to sell inventory for 2013 and 2012. Round your answers to one decimal place.
2. Comment on any changes in these measures, and compare the effectiveness of inventory managers at GameStop with Best Buy, where inventory turned over 5.6 times during 2013 (65 days to sell).


$1.99
Sales0
Views35
Comments0
  • CreatedNovember 02, 2015
  • Files Included
Post your question
5000