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Nestlé reports beginning raw materials inventory of 315 and ending raw materials inventory of 3499 both numbers in millions of Swiss francs Assume Nestlé purchased

Nestlé reports beginning raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swiss francs). Assume Nestlé purchased 13,860 and used 14,176 (both amounts in millions of Swiss francs) in raw materials during the year. Compute raw materials inventory turnover and the number of days’ sales in raw materials inventory.

Jul 28 2020 View more View Less

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