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EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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
Transcribed Image Text:Sheldon Inc. is the leading manufacturer of personal computers. In a
recent year, it reported the following in dollars in millions:
Net sales revenue
$ 61,161
Cost of sales
50,444
Beginning inventory
1,280
880
Ending inventory
Determine the inventory turnover ratio and average days to sell
inventory for the current year. (Use 365 days a year).
Expert Solution
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