Choice Foods is a large food and drug retailer with more than 1,700 stores in the United

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Choice Foods is a large food and drug retailer with more than 1,700 stores in the United States and Canada. The following financial information relates to fiscal 2021 and 2020: 

(in millions) 2021 2020 Sales $42,286.00 $40,185.00 Cost of goods sold 30,133.10 28,604.00 Receivables 577.90 461.20 Merchandise inventory 2,797.80 2,642.50


Required 

Calculate inventory turnover and days’ sales in inventory. Is Choice Foods performing better or worse than last year? Why?

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Managerial Accounting

ISBN: 9781119577720

7th Edition

Authors: James Jiambalvo

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