Inventory Turnover for Wal-Mart and Target The following information was summarized from the 2007 annual report of Wal-Mart Stores, Inc.:

The following information was summarized from the 2006 annual report of Target Corporation:

Required 1. Calculate the inventory turnover ratios for Wal-Mart for the year ending January 31, 2007, and Target for the year ending February 3, 2007.
2. Which company appears to be performing better? What other information should you consider to determine how these companies are performing in this regard?

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Cost of sales for the year ended January 31: 2007 2006 Inventories, January 31: (in millions) $264,152 237,649 2007 2006 33,685 31,910