Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fill in blanks value 10.00 points gameworld corp

fill in blanks value 10.00 points GameWorld Corp. is the world's largest multichannel...

90.2K

Verified Solution

Question

Accounting

imagefill in blanks

value 10.00 points GameWorld Corp. is the world's largest multichannel video game retailer. The company reported the following amounts in its financial statements (in millions) 2013 2012 Net Sales Revenue $11,900 $11,400 7,440 7,040 2,100 1,400 2,5002,100 Cost of Goods Sold Beginning Inventory Ending Inventory Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2013 and 2012. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) TIP: Remember to use costs in both the numerator (CGS) and denominator (average inventory) 2013 times per year days 2012 times per year days Inventory Turnover Ratio Days to Sell 2. Is GameWorld performing better than its competitor Ultimate Value where inventory turned over 3.6 times during 2013 (65 days to sell) Yes No

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