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    Financial Accounting Information for Decisions Study Set 2
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    Exam 5: Reporting and Analyzing Inventories
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    Toys "R" Us Had Cost of Goods Sold of $8,321
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Toys "R" Us Had Cost of Goods Sold of $8,321

Question 186

Question 186

True/False

Toys "R" Us had cost of goods sold of $8,321 million and ending inventory of $2,027 million. Based on this, its days' sales in inventory is equal to 89 days.
(2,027/8,321) × 365 = 89 days

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