Question: make the answer cute :) CP7-3 (Algo) Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell [LO 7-5] PlayForward is a multichannel video
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CP7-3 (Algo) Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell [LO 7-5] PlayForward is a multichannel video game and consumer electronics retailer. The company reported the following amounts (in millions) in its annual financial statements at the end of January Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017 . TIP. In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices). 2. At Hall, inventory tumed over 41 times duting 2018 (89.0 days to sell). Are the Hall inventory managers more effective or less effective than those at PlayForward? 2 At Hall, inventory tumed over 4.1 times during 2018 (89.0 days to sell). Are the Hall inventory managers more effective effective than those at PlayForward? Complete this question by entering your answers in the tabs below. Determine the inventory tumo y ratio and average days to sell inventory for 2018 and 2017. TIP: In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices). (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)
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