Wal-Mart Stores, Inc., and Target Corporation reported the following in their financial reports: a. Compute the 2017

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Wal-Mart Stores, Inc., and Target Corporation reported the following in their financial reports:

a. Compute the 2017 and 2016 inventory turnovers for each of these two retailers.

b. Discuss any changes that are evident in inventory turnover across years and companies from part a.

c. Describe ways in which a retailer can improve its inventory turnover. Are there ways to increase inventory turnover that are not beneficial to the company's long-term interests?

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 20, 2021 08:58 AM

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Wal-Mart Stores, Inc., and Target Corporation reported the following in their financial reports: a. Compute the 2017

Question:

Wal-Mart Target (S billions) Fiscal Year Sales COGS Inventory Sales COGS Inventory 2017..... 2016... $51.1 49.1 $496 $373 $43.8 $8.66 S71.9 69.5 481 361 43.0 8.31 2015 479 361 44.5 73.8 52.2 8.60

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a b WalMarts inventory turnover rate is higher than Targets There can be several reasons for this Wa...View the full answer

Financial Accounting

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