Question: Mom/connect html Chapter 7 homework HOTEST 2012 2013 2014 2015 Net Sales Revenue $4,500 $3,960 $3,290 $2,870 Cost of Goods Sold 3,760 3,389 2,810 2,470
Mom/connect html Chapter 7 homework HOTEST 2012 2013 2014 2015 Net Sales Revenue $4,500 $3,960 $3,290 $2,870 Cost of Goods Sold 3,760 3,389 2,810 2,470 Average Inventory 450 409 340 330 25 points e look Required: Hint 1-a. Calculate the inventory turnover ratio for 2015, 2014 and 2013 1-b. Calculate the average days to sell inventory for 2015, 2014, and 2013 2 is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 6.7 times in 2015 (5 days to sell). Both companies use the same inventory costing method (FIFO). References Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Calculate the inventory turnover ratio for 2015, 2014, and 2013. (Round your answers to 1 decimal place.) Times per Year 2015 2014 IT Inventory Turnover Ratio 2013 Req 1B >
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