Question: View Policies Current Attempt in Progress Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for
View Policies Current Attempt in Progress Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning inventory $14,046 Ending inventory 15,998 LIFO reserve 1.346 Current assets 62,589 Current liabilities 67,300 Cost of goods sold 175,757 Sales revenue 172,004 (a) Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, eg. 5.1) times The inventory turnover days Days in inventory Attempts: 0 of 1 used Submit Answer Save for Later
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