Compute krafts inventory turnover for the year, Accounting Basics

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Compute krafts inventory turnover for the year

A recent annual report of Kraft Foods, Inc., reveals the following information (dollar amounts are stated in millions):

Cost of goods sold- $24,651
Inventory (begining year)- $3,506
Inventory end of year- $4,096
average time to collect receivables- 45 days

1.Compute Kraft's inventory turnover for the year?
2.Compute the number of days required by Kraft to sell its average inventory?
3.What is the length of Kraft's operating cycle?

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Accounting Basics: Compute krafts inventory turnover for the year

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Accounting Basics: Compute krafts inventory turnover for the year

Reference No:- TGS0705292

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Compute krafts inventory turnover for the year

Reference No:- TGS0705292

Recent Questions Asked Accounting Basics

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