In its 2018 annual report, Gap Inc. reported inventory of $1,997 million on January 31, 2018,...
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In its 2018 annual report, Gap Inc. reported inventory of $1,997 million on January 31, 2018, and $1,830 million on February 1, 2017, cost of goods sold of $9,789 million for 2018, and net sales of $15,855 million. (a) Your answer is correct. Compute Gap's inventory turnover for the fiscal year 2018. (Round answer to 2 decimal places, e.g. 7.62.) Inventory turnover eTextbook and Media 5.12 times Attempts: 1 of 3 used (b) Compute Gap's average days to sell inventory for the fiscal year 2018. (Round answer to 1 decimal place, e.g. 7.6.) Average days to sell inventory days In its 2018 annual report, Gap Inc. reported inventory of $1,997 million on January 31, 2018, and $1,830 million on February 1, 2017, cost of goods sold of $9,789 million for 2018, and net sales of $15,855 million. (a) Your answer is correct. Compute Gap's inventory turnover for the fiscal year 2018. (Round answer to 2 decimal places, e.g. 7.62.) Inventory turnover eTextbook and Media 5.12 times Attempts: 1 of 3 used (b) Compute Gap's average days to sell inventory for the fiscal year 2018. (Round answer to 1 decimal place, e.g. 7.6.) Average days to sell inventory days
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