Cinrich is a West Coast company with more than 400 drug stores. Financial information for...
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Cinrich is a West Coast company with more than 400 drug stores. Financial information for fiscal 2020 and 2019 follows: Fiscal 2020 Fiscal 2019 $4,813,900 $5,091,200 (in thousands) Sales Cost of merchandise sold Merchandise inventory 3,199,400 3,559,100 458,180 559,300 Compute inventory turnover and days' sales in inventory for both years. (Round answers to 2 decimal place, eg. 10.62) 2020 2019 Inventory turnover times times Days' sales in inventory days days
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