3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717

Question:

3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million.Assume 3M purchased $3,646 million of raw materials and used $3,784 million of raw materials during the year. Compute raw materials inventory turnover (round to one decimal) and the number of days’ sales in raw materials inventory (round to the nearest day).

Fantastic news! We've Found the answer you've been seeking!