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Calculate the sales inventory for target and amazon

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Reference no: EM132544827

Question 1: To calculate the sales inventory for Target and Amazon.com you must use the formula:

Average Inventory = (Inventory in the beginning of year + Inventory in the end of the year)
2
= $8,282 + $8.601
N
= $8,441.5
= 59 days
# of Days' Sales in Inventory = Average Inventory

Average Daily Cost of Goods Sold
= $9,271
$196.3
= 47 days

Reference no: EM132544827

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