Suppose This Information In Millions Is Available For The Automotive And Other Operations Divisions Of General Motors 1 (19.55 KiB) Viewed 39 times
Suppose This Information In Millions Is Available For The Automotive And Other Operations Divisions Of General Motors 2 (16.43 KiB) Viewed 39 times
Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning inventory $14,559 Ending inventory 15,755 LIFO reserve 1,398 Current assets 65,007 Current liabilities 69,900 Cost of goods sold 181,884 Sales revenue 169,103
Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, eg. 5.1.) The inventory turnover times Days in inventory days
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