Monster Beverage Corporation develops, markets, and sells energy and other alternative beverage brands Brown Forman Corporation manufactures and sells a wide variety of spirit and wine beverages, such as Jack Daniel 's reg The cost of goods sold and inventory were obtained from a recent annual repo...

A Monster Brown In millions Beverage Forman Cost of goods sold 1125 928 Inventories Beginning of yea ...

Monster Beverage Corporation develops, markets, and sells energy and other alternative beverage brands. Brown-Forman Corporation manufactures and

Question:

Monster Beverage develops, markets, and sells energy and other alternative beverage brands. Brown-Forman manufactures and sells a wide variety of spirit and wine beverages, such as Jack Daniel's®. The cost of goods sold and inventory were obtained from a recent annual report for both companies as follows (in millions):

Monster Beverage Corporation develops, markets, and sells energy and other

A. Determine the inventory turnover for both companies. (Round all calculations to one decimal place.)
B. Determine the number of days' sales in inventory for both companies. (Use 365 days and round all calculations to one decimal place.)
C. Interpret the difference in inventory efficiency based on the companies' respective product types.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...