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Determine the inventory turnover ratio

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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

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