Best Buy, Inc. reported the following information for the fiscal year ending on January 30, 2016 (all amounts in millions of dollars): $ 39,528 30,334 Revenue Cost of goods sold January 30, 2016 1,162 January 31, 2015 1,280 Receivables, net Merchandise inventories 5,051 5,174 8. Determine Best Buy Inc's Number of Days' Sales in Inventory. Assume 365 days in a year. A. 46.64 days 47.21 days C. 60.05 days D. 61.52 days B. 9. Determine Best Buy Inc's Number of Days' Sales in Receivables. Assume 365 days in a year. A. 14.69 days 13.98 days C. 11.27 days D. 10.73 days B.
Best Buy, Inc. reported the following information for the fiscal year ending on January 30, 2016 (all amounts in millions of dollars): $ 39,528 30,334 Revenue Cost of goods sold January 30, 2016 1,162 January 31, 2015 1,280 Receivables, net Merchandise inventories 5,051 5,174 8. Determine Best Buy Inc's Number of Days' Sales in Inventory. Assume 365 days in a year. A. 46.64 days 47.21 days C. 60.05 days D. 61.52 days B. 9. Determine Best Buy Inc's Number of Days' Sales in Receivables. Assume 365 days in a year. A. 14.69 days 13.98 days C. 11.27 days D. 10.73 days B.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.15E
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