Abercrombie \& Fitch (ANF) and TJX Companies (TJX) report the following information in their respective January \(200810-\mathrm{K}\) reports.

a. Compute the 2008 inventory turnover for each of these two retailers.

b. Discuss any difference you observe in inventory turnover between these two companies. Does the difference confirm your expectations given their respective business models? Explain. (Hint: ANF is a higher-end retailer and TJX sells more value-priced clothing.)
\(\therefore\) Describe ways that a retailer can improve its inventory turnover.

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Abercrombie & Fitch TJX Companies Cost of Cost of $ millions Sales Goods Sold Inventories Sales Goods Sold Inventories 2007 $3.318 $1,109 $427 $17,405 $13,214 $2,582 2008 3,750 1,238 333 18,647 14,082 2,737