Toys "R" Us Had Cost of Goods Sold of $8,321

question 205

True/False

Toys "R" Us had cost of goods sold of $8,321 million and ending inventory of $2,027 million.Based on this,its days' sales in inventory is equal to 89 days.

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Definitions:

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Marginal Cost

The price of making one more unit of a certain product.

Government Regulation

Rules or directives made and maintained by a government to regulate behavior or enforce standards in various fields.

Centrally Planned Economies

Economic systems in which the government or a central body makes all decisions about the production and distribution of goods and services.