Recently, Inditex (ESP) reported ending inventory of 1,581.297 (1,297.009 the previous year). Cost of sales were 6,486.825
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Recently, Inditex (ESP) reported ending inventory of €1,581.297 (€1,297.009 the previous year). Cost of sales were €6,486.825 and net sales were €15,946.143 (all amounts in millions). Compute Inditex's inventory turnover and average days to sell inventory.
Ending InventoryThe ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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