Answered: iorgio had cost of goods sold of $9,637…

iorgio had cost of goods sold of $9,637 million, ending inventory of $2,305 million, and average inventory of $2,181 million. Its inventory turnover equals:

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Giorgio had cost of goods sold of $9,637 million, ending inventory of $2,305 million, and average inventory of $2,181 million. Its inventory turnover equals:

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