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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
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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Analyze and compare Costco, Walmart, and Nordstrom The general merchandise retail industry has a number of segments represented by the following companies: Company Name Costco Wholesale Corporation Membership warehouse (COST) Discount general Walmart Inc. (WMT) 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 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. Walmart Nordstrom Costco Walmart Merchandise Concept 11,040 43,783 2,027 11,395 44,269 1,978 Nordstrom 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
Transcribed Image Text:Analyze and compare Costco, Walmart, and Nordstrom The general merchandise retail industry has a number of segments represented by the following companies: Company Name Costco Wholesale Corporation Membership warehouse (COST) Discount general Walmart Inc. (WMT) 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 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. Walmart Nordstrom Costco Walmart Merchandise Concept 11,040 43,783 2,027 11,395 44,269 1,978 Nordstrom 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
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