In its 2012 annual report, Gap Inc. reported inventory of $1,615 million on January 25, 2012, and
Question:
In its 2012 annual report, Gap Inc. reported inventory of $1,615 million on January 25, 2012, and $1,620 million on January 29, 2011, cost of sales of $9,275 million for fiscal year 2012, and net sales of $14,549 million. Compute Gap’s inventory turnover and the average days to sell inventory for the fiscal year 2012.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Inventory turnover cost of sales average inventory Avera...View the full answer
Answered By
Gomathi Chandrababu
Hello, i have specialised in managerial accounting, financial accounting, cost accounting and finance from my higher secondary . I'm continuing my specialisation on this field now in my post graduation of master of business administration and I'm also making competent by enrolling myself in chartered accountants course. I assure to my experience on these subjects and management related subject will help you out. I already have the opportunity of teaching students near my locality and in online website. So, I assure the best of mine knowledge in this teaching profession
0 Reviews
10+ Question Solved
Related Book For 
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Question Posted:
