Brief Exercise 9-11 In its 2015 annual report, Gap Inc. reported inventory of $1,889 million...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Brief Exercise 9-11 In its 2015 annual report, Gap Inc. reported inventory of $1,889 million on January 31, 2015, and $1,928 million on February 1, 2014, cost of goods sold of $10,146 million for 2015, and net sales of $16,435 million. Compute Gaps inventory turnover for the fiscal year 2015. (Round answer to 2 decimal places, e.g. 7.62.) Inventory turnover times LINK TO TEXT Compute Gaps average days to sell inventory for the fiscal year 2015. (Round answer to 1 decimal place, e.g. 7.6.) Average days to sell inventory days
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!