Chapter 9, Problem 9.12E

Inventory analysis
Costco Wholesale Corporation (COST)

and Wal-Mart Stores Inc. (WMT)

compete against each other in general merchandise retailing, gas stations, pharmacies, and optical centers. Below is selected financial information for both companies from a recent year's financial statements (in millions):

a. Determine for bom companies (1) the inventory turnover and (2) the days' sales in inventory. Round to one decimal place.
b. Compare and interpret the inventory metrics computed in (a).