Inventory Turnover for Wal-Mart and Target The following information was summarized from the 2009 annual report of Wal-Mart Stores, Inc. and Subsidiaries:

(in millions)
Cost of sales for the year ended January 31:
2009 $306,158 2008 286,350 Inventories, January 31:
2009 34,511 2008 35,159 The following information was summarized from the 2008 annual report of Target Corporation:
(in millions)
Cost of sales for the year ended:
January 31, 2009 $44,157 February 2, 2008 42,929 Inventory:
January 31, 2009 6,705 February 2, 2008 6,780 Required 1. Calculate the inventory turnover ratios for Wal-Mart and Target for the year ending January 31, 2009.
2. Which company appears to be performing better? What other information should you consider to determine how these companies are performing in this regard?AppendixLO1