The financial statements of AB InBevs (BEL) 2018 annual report disclosed the following information. Instructions Compute AB

Question:

The financial statements of AB InBev’s (BEL) 2018 annual report disclosed the following information.

Instructions

Compute AB InBev’s

(a) Inventory turnover

(b) Average days to sell inventory for 2018.

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Related Book For book-img-for-question

Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Jul 29, 2021 08:58 AM

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The financial statements of AB InBevs (BEL) 2018 annual report disclosed the following information. Instructions Compute AB

Question:

(in millions) 31 December 2018 31 December 2017 Inventories $4,234 $4,119 Fiscal Year 2018 2017 Sales $54,619 $56,444 Cost of sales 20,359 21,386 Net income 5,691 9,183

Step by Step Answer:

inventory Turnover Ratio Cost of Goods Sold Average Inve...View the full answer

Intermediate Accounting IFRS

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