Determine the inventory turnover ratio

Assignment Help Accounting Basics
Reference no: EM13515310

Analyzing and Interpreting the Inventory Turnover Ratio - Dell Inc. is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions:

Net sales revenue

$61,101

Cost of sales

50,144

Beginning inventory

1,180

Ending inventory

867

Required:

1. Determine the inventory turnover ratio and average days to sell inventory for the current year.

2. Explain the meaning of each number.

Reference no: EM13515310

Questions Cloud

Explain the insecticide ddt was formerly in widespread use : The insecticide DDT was formerly in widespread use, but now it is severely restricted owing to its adverse environmental effects. It is prepared as follows.
What charge must be on each plate : An electric field of 9.50 105 V/m is desired between two parallel plates, each of area 44.5 cm2 and separated by 2.45 mm of air. What charge must be on each plate
Why innovation may not be enough : Why Innovation May Not Be Enough
What is the suns angle of inclination : An underwater scuba diver sees the Sun at an apparent angle of 26? from the vertical. What is the Sun's angle of inclination
Determine the inventory turnover ratio : Determine the inventory turnover ratio and average days to sell inventory for the current year and explain the meaning of each number.
Define final temperature of the solution in the calorimeter : In the following experiment, a coffee-cup calorimeter containing 100. of is used. The initial temperature of the calorimeter is 23.0 . If 6.80 of is added to the calorimeter, what will be the final temperature of the solution in the calorimeter
Consumer buying behavior : Consumer Buying Behavior
What is the net charge contained by the cube : a closed Gaussian surface in the shape of a cube of edge length 2.30 m. What is the net charge contained by the cube
What is the speed of violet light in crown glass : The index of refraction of crown glass for violet light is 1.528, while for red light it is 1.514. What is the speed of violet light in crown glass

Reviews

Write a Review

Accounting Basics Questions & Answers

  Power brite painting company specializes in refurbishing

power brite painting company specializes in refurbishing exterior painted surfaces that have been hard hit by humidity

  Write down a 250- to 350-word paper describing why

write a 250- to 350-word paper explaining why preferred stock is referred to as preferred and what some of the

  Future projections concerning interest rates

As the financial manager in developing forecast for the firm, where would you go to in order to start your forecast and refine it with more accurate future projections concerning interest rates, raw material prices, and the like to build your esti..

  Numa has been experiencing declining market conditions for

numa has been experiencing declining market conditions for its sportswear division. management decided to test the

  Establishment of a forward exchange contract

In the journal entry to record the establishment of a forward exchange contract, at what amount should the Forward Contract account be recorded on December 1?

  The hours worked and the hourly wage rates for 5 employees

the hours worked and the hourly wage rates for 5 employees of kagen company for the week ended september 9.a. for each

  What are the total cost and the unit cost of the completed

a job cost sheet of sandoval company is given below. job cost sheetjob no.469quantity2500itemwhite lion cagesdate

  Warranty expenditures during the year

In the current year, Hanna Company reported warranty expense of $183,000 and the warranty liability account increased by $28,000. What were warranty expenditures during the year?

  Net profits accrued as of date of termination

The division sale was completed in March 2010, and Employer refused to pay Employee any part of the net sale proceeds or any accrued net profits. Employee sued to collect her share of the net proceeds of the sale and the net profits accrued as of ..

  Stark company has five employees employees paid by the hour

stark company has five employees. employees paid by the hour receive a 10 per hour pay rate for the regular 40-hour

  Benefits of organized securities exchanges

What major benefits do corporations and investors enjoy due to the existence of organized security exchanges?

  State the dollar amounts that should appear in bailey

twodor company is involved in four separate industries. selected financial information concerning twodors involvement

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd