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23 February, 20:42

Toys "r" us had cost of goods sold of $9,421 million, ending inventory of $2,089 million, and average inventory of $1,965 million. its days' sales in inventory equals:

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  1. 23 February, 22:21
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    We can calculate for the inventory turnover using the formula:

    Inventory Turnover = Cost of Goods Sold / Average Inventory

    We are given that,

    Cost of Goods Sold = $9,421 million

    Average Inventory = $1,965 million

    Using the formula:

    Inventory Turnover = 9,421/1,965

    Inventory Turnover = 4.79
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