Question

he financial statements of Walgreen Co. reported the following information (in millions): Year 2 Year 1 Cost of sales $51,098 $51,291 Inventories, net 6,852 7,036 The average inventory days outstanding in year 2 is:

Answer 1

50.1

Step-by-step explanation:

The average inventory days outstanding in year 2

= Net / Cost of sales × 365

Given that;

Net = 7,036

Cost of sales = 51,291

Average inventory days outstanding in year 2

= 7,036 / 51,291

= 50.1