Use the Following Figures (Stated in Millions of Dollars)to Compute $\begin{array}{lr}\text {Cost of goods sold: }&\$6,584\\\text {Beginning inventory: }&\$915\\\text {Ending inventory: }&\$1,177\\\end{array}$

question 33

Short Answer

Use the following figures (stated in millions of dollars)to compute the inventory
turnover and the days' inventory on hand: (Round answers to one decimal place).
$\begin{array}{lr}\text {Cost of goods sold: }&\$6,584\\\text {Beginning inventory: }&\$915\\\text {Ending inventory: }&\$1,177\\\end{array}$

a. Inventory turnover = ___________________
b. Days' inventory on hand = ___________________

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Definitions:

Natural

Existing in or derived from nature; not made or caused by humankind.

Essentialist Perspective

A viewpoint that suggests certain categories, such as gender or race, have an underlying essence or core characteristic that is natural, inherent, and unchanging.

Sexuality

A broad spectrum that encompasses sexual orientation, sexual practices, and sexual identity, reflecting both individual experiences and cultural norms.

Intrinsic

Refers to something that is inherent or essential to something else, coming from within rather than being influenced by external factors.