In its 2019 annual report, Marin, Inc. reported inventory of $ 670 million on January 31, 2020, and $ 546 million on January 31, 2019, cost of goods sold of $ 5,946 million for the year, and net sales of $ 7,296 million for the year. Compute Marin's inventory turnover for the fiscal year 2019. (Round answer to 2 decimal places, e.g. 7.62.) Inventory turnover times Compute Marin's average days to sell inventory for the fiscal year 2019. (Round answer to 2 decimal place, e.g. 7.65. Use 365 days for calculation.) Average days to sell inventory days

In its 2019 annual report, Marin, Inc. reported inventory of $ 670 million on January 31, 2020, and $ 546 million on January 31, 2019, cost of goods sold of $ 5,946 million for the year, and net sales of $ 7,296 million for the year. Compute Marin's inventory turnover for the fiscal year 2019. (Round answer to 2 decimal places, e.g. 7.62.) Inventory turnover times Compute Marin's average days to sell inventory for the fiscal year 2019. (Round answer to 2 decimal place, e.g. 7.65. Use 365 days for calculation.) Average days to sell inventory days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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