Abercrombie amp fitch has inventory levels of 385857, Ask an Expert

Finance

Abercrombie & Fitch has inventory levels of $385,857 thousand and $310,645 thousand at the end of fiscal-year ending 2011 and 2010 respectively. Cost of goods sold for 2011 is $1,256,596 thousand.

Calculate the inventory turnover ratio and the average inventory days outstanding for 2011.

Suggest two ways that Abercrombie & Fitch might improve inventory turnover.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91355703

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