13 Dear all, This week we will have covered Chapter 7 - Inventory. In Chapter 7, we learned about the measure for inventory turnover (Cost of Goods Sold/Average Inventory). Inventory turnover measures how often inventory is sold, or the company's sales volume normalized by the company's normal inventory levels, There is another, equally important measure when evaluating a company's sales. It is called gross profit margin, calculated as (Sales Price - Cost of Goods Sold)/Cost of Goods Sold. It measures the mark-up that a company has on its inventory, expressed as a percentage. If a company buys inventory for $1 and sells it for $1.20, then its gross profit margin is 20% ([$1.20 - $1/$1=0.20 or 20%. It marks-up its inventory by 20%. When comparing the following retailers: Target. K-Mart, Walmart, and Costco, who do you think has the highest/lowest Inventory Turnover and who do you think has the highest/lowest Gross Profit Margin? Requirements I want everyone to reply with their rankings of Target. K-Mart, Walmart, and Costco from 1 to 4 (1 being the highest) in inventory turnover and gross profit margin with a brief explanation (1-2 sentences) of why they think so. As an example of your rankings! ns aries Requirements I want everyone to reply with their rankings of Target, K-Mart, Walmart, and Costco from 1 to 4 (1 being the highest) in inventory turnover and gross profit margin with a brief explanation (1-2+ sentences) of why they think so. As an example of your rankings: Inventory Turnover (Example) 1. Costco 2. Target 3. Walmart 4. K-Mart Gross Profit Margin (Example) 1. Target 2. K-Mart 3. Walmart 4. Costco Ish Matia Sample explanation here. I'll post the answer near the end of the week. trition no