Business, 18.01.2021 14:00 GlitterGayness

Danaher Corporation manufactures a variety of products, including electronic measurement instruments and network communications products, water quality measurement systems, and medical and dental instruments. Selected financial statement data and related performance indicators follow. ($ in millions) 2012 2013 2014
Sales $18,260.4 $19,118.0 $19,913.8
Cost of goods sold 8,846.1 9,160.4 9,471.3
Average inventory 1,797.40 1,798.50 1,807.50
Selected performance measures:
Gross profit (%) 51.60% 52.10% 52.40%
Inventory turnover ratio 4.92 5.09 5.24

Required:
How well did Danaher manage its inventories over the three-year period?

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Danaher Corporation manufactures a variety of products, including electronic measurement instruments...

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