Question: Moz Corporation was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions):
Moz Corporation was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions): 2018 2017 Net Sales $ 4,500 $ 4,560 Cost of Goods Sold 3,400 3,290 Beginning Inventory 450 410 Ending Inventory 570 450 Required: Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)
Moz Corporation was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions): Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)
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