365 days

Macy's is a major department store chain. Given some selected indicators in 2018, we need to analyze its retail performance. Hypothetically, the chain carries a diamond ring at the cost of $600. You would need to follow the units and decimal numbers specified in the table. Part 1 - Information Macy's End of fiscal year (date) 02/02/2019 Net sales (millions of $) 24,971.00 COGS (millions of $) 15,215.00 Merchandise inventories (millions of $) 5,263.00 Annual inventory holding cost rate (assumed) 42.00% Part 2 - Overall Retail Performance Macy's (a)[4] Flow time (years, 5 decimals) (b)[4] Days of supply (days, 2 decimals) (c)[4] Inventory turns (turns per year, 5 decimals) Part 3 - Item Retail Performance Macy's Cost of a diamond ring ($) 600.00 (d)[4] Per-unit inventory holding cost rate (%, 3 decimals) (e)[4] Inventory holding cost of the diamond ring ($, 2 decimals)