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In a recent annual report, Concord Inc. reported beginning inventory of $1,200 million and...

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Accounting

In a recent annual report, Concord Inc. reported beginning inventory of

$1,200

million and ending inventory of

$1,100

million, cost of\ goods sold of

$6,900

million, and net sales of

$9,600

million.\ (a1)\ Compute Concord's inventory turnover. (Round answer to 2 decimal places, e.g. 7.62.)

image
In a recent annual report, Concord Inc. reported beginning inventory of $1,200 million and ending inventory of $1,100 million, cost of goods sold of $6,900 million, and net sales of $9,600 million. (a1) Compute Concord's inventory turnover. (Round answer to 2 decimal places, e.g. 7.62.) Inventory turnover times

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