Sheldon Inc. is the leading manufacturer of personal computers. In a recent year, it reported...
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Sheldon Inc. is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions: Net sales revenue $ 61,291 Cost of sales 49,144 Beginning inventory 1,210 Ending inventory 890 Required: Determine the inventory turnover ratio and average days to sell inventory for the current year. (Use 365 days a year. Round your intermediate calculations and final answers to 2 decimal places.).
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