Inventory Ratio Calculations Dell Technologies reported the following data for 2018 and 2019 (in millions): Inventory...

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Inventory Ratio Calculations Dell Technologies reported the following data for 2018 and 2019 (in millions): Inventory February 3, 2017 $ 2,538 February 2, 2018 2,678 February 1, 2019 3,649 Cost of products sold Year ended February 2, 2018 $51,433 Year ended February 1, 2019 57,889 Gross margin Year ended February 2, 2018 $9,818 Year ended February 1, 2019 13,398 Note: Enter answers for both ratios as a number (example: 1.75). Do not round until your final answers. Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for the years ended in February 2018 and February 2019. 2018 0 times 2019 times (b) Calculate the gross margin return on inventory investment for the years ended in February 2018 and February 2019. 2018 0 2019 0 Inventory Ratio Calculations Dell Technologies reported the following data for 2018 and 2019 (in millions): Inventory February 3, 2017 $ 2,538 February 2, 2018 2,678 February 1, 2019 3,649 Cost of products sold Year ended February 2, 2018 $51,433 Year ended February 1, 2019 57,889 Gross margin Year ended February 2, 2018 $9,818 Year ended February 1, 2019 13,398 Note: Enter answers for both ratios as a number (example: 1.75). Do not round until your final answers. Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for the years ended in February 2018 and February 2019. 2018 0 times 2019 times (b) Calculate the gross margin return on inventory investment for the years ended in February 2018 and February 2019. 2018 0 2019 0

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Inventory Tuenover ratio 2018 1 51889 cost ... View the full answer