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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.
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