The following information is available for The Coca-Cola Company (in U.S. \$ millions): In the...
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The following information is available for The Coca-Cola Company (in U.S. \$ millions): In the notes to its financial statements, Coca-Cola disclosed that it uses the FIFO and average cost formulas to determine the cost of its inventory. The industry averages for the inventory turnover, days in inventory, and current ratios are as follows: (a1) Calculate Coca-Cola's inventory turnover, days in inventory, and current ratios for 2018 and 2017 . (Round inventory turnover and current ratio to 1 decimal place, e.g. 15.2. Round days in inventory to nearest day.)
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