Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3.) danube.com reported the following amounts

3.) Danube.com reported the following amounts in its financial statements (in...

60.1K

Verified Solution

Question

Accounting

3.)

Danube.com reported the following amounts in its financial statements (in millions):

2012 2011
Net Sales $ 66,000 $ 53,000
Cost of Goods Sold 51,000 43,500
Beginning Inventory 5,500 3,700
Ending Inventory 6,200 5,500

Required:
1.

Determine the inventory turnover ratio and average days to sell inventory for 2012 and 2011. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)

2012 2011
Inventory Turnover Ratio
Days to Sell

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Suppose that at a large university 30% of students are involved in intramural sports. If we...

Biology
1.2K views

An animal is undergoing a cleavage pattern that is bilateral and mesoblastic and, after closely examining...

General Management
1.2K views

Provide a 250+ word response to the following question. Please separate your answers by the parts...

Geometry
1.2K views

In 3 6 Find the value of each variable drawings are not to scale 3...

Basic Math
1.2K views

The table shows the worldwide box office in billions of dollars for the movie industry...

Basic Math
1.2K views

4 An item is originally priced at P dollars but is placed on sale at...

Algebra
1.2K views

and simplify radicals Do not use decimals A Convert 2490 to radians B Convert to...

Accounting
1.2K views

Current Attempt in Progress buring the month of March, Ivanhoe Company's...

Accounting
1.2K views

What is the Annual Equivalent Worth (AEW) of a five-year project with a required investment...

Accounting
1.2K views

If a company not generating enough cash from operating then how will it pay for...

Accounting
1.2K views

HELP ME Sims Company began operations on January 1 ....

Accounting
1.2K views

The revenue recognition principle states that revenues should be recognized Question content area bottom Part...