A major retailer financial data for 2016 is as follows: Inventories: 1400 $ millions Sales: 17000...

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A major retailer financial data for 2016 is as follows: Inventories: 1400 $ millions Sales: 17000 $millions COGS: 16000 $millions Assuming the store is operating 365 days per year, how many days, on average, does a product stay before it is sold? A major retailer financial data for 2016 is as follows: Inventories: 1400 $ millions Sales: 17000 $millions COGS: 16000 $millions Assuming the store is operating 365 days per year, how many days, on average, does a product stay before it is sold?

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The average number of days a product stays in inventory before it is sold can be calculat... View the full answer