Question: 1 . Determine the inventory turnover ratio and average days to sell inventory for 2 0 2 1 and 2 0 2 0 . TIP:

1. Determine the inventory turnover ratio and average days to sell inventory for 2021 and 2020. TIP: In both the numerator (cost of goods sold) and denominator (average inventory), use costs (not selling prices).2. At Best Buy, inventory turned over 6.9 times during 2021(52.9 days to sell). Are the Best Buy inventory managers more effective or less effective than those at GameStop?

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