please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Analyze and compare Costco, Walmart, and NordstromThe general merchandise retail industry has a number of segmentsrepresented by the following companies:Company NameCostco Wholesale CorporationMembership warehouse(COST)Discount generalWalmart Inc. (WMT)merchandiseNordstrom, Inc. (JWN)Fashion department storeFor a recent year, the following cost of goods sold and beginning and.ending inventories are provided from corporate annual reports (in

Days sales in inventory is calculated by dividing the number of days in a year by inventory turnover…

Costco Wholesale Corporation Membership warehouse (COST) Walmart Inc. (WMT) Discount general merchandise Nordstrom, Inc. (JWN) Fashion department store. For a recent year, the following cost of goods sold and beginning and ending inventories are provided from corporate annual reports (in millions) for these three companies: Costco Walmart Nordstrom Cost of goods sold $132,886 $385,301 $10,155 Inventories: Beginning of year End of year Costco Walmart a. Determine the inventory turnover ratio for all three companies. If required, round all computations to one decimal place and use. in subsequent calculations. Round final answers to one decimal place. Nordstrom 11,040 11,395 44,269 Costco Walmart Nordstrom 43,783 2,027 1,978 Inventory Turnover b. Determine the days' sales in inventory for all three companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Days' sales in inventory X days days days

Costco Wholesale Corporation Membership warehouse (COST) Walmart Inc. (WMT) Discount general merchandise Nordstrom, Inc. (JWN) Fashion department store. For a recent year, the following cost of goods sold and beginning and ending inventories are provided from corporate annual reports (in millions) for these three companies: Costco Walmart Nordstrom Cost of goods sold $132,886 $385,301 $10,155 Inventories: Beginning of year End of year Costco Walmart a. Determine the inventory turnover ratio for all three companies. If required, round all computations to one decimal place and use. in subsequent calculations. Round final answers to one decimal place. Nordstrom 11,040 11,395 44,269 Costco Walmart Nordstrom 43,783 2,027 1,978 Inventory Turnover b. Determine the days' sales in inventory for all three companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Days' sales in inventory X days days days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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