Delicious Foods Inc. reported inventory of $5,706 million at the end of its 2017 fiscal year and

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Delicious Foods Inc. reported inventory of $5,706 million at the end of its 2017 fiscal year and $5,310 million at the end of its 2016 fiscal year. It reported cost of goods sold of $35,350 million for the fiscal year 2017 and net sales of $54,365 million for fiscal year 2017. Calculate the company's inventory turnover and the average days to sell inventory for the fiscal year 2017.
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Intermediate Accounting

ISBN: 978-1119048534

11th Canadian edition Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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