Calculate the 2019 gross profit ratio, inventory turnover ratio, and average days in inventory for both companies. Evaluate the management of each company's investment in inventory.
Review Decision Maker's Perspective Analysis Case 8-5: Compare inventory management using ratios; Kohl's' and Dillards in your textbook.
Complete the required calculation and evaluation for either Kohl's or Dillards (you only have to choose one).
Next obtain an annual report from one company in an industry other than department stores and compare the management of that company's investment in inventory against either Kohl's or Dillards. Make sure to identify the company you research and what industry they are in. What commonalities and differences do you see in how the companies manage their investment in inventory?
Include your initial calculation and evaluation, for either Kohl's or Dillards, along with your additional research in your initial post.
You can use EDGAR to obtain annual reports.
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