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9 2 est Inventory management Three companies that compete in the footwear market are Foot Locker, Finish Line, and DSW. The table below shows inventory

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9 2 est Inventory management Three companies that compete in the footwear market are Foot Locker, Finish Line, and DSW. The table below shows inventory levels and cost of goods sold for each company for the 2016, 2015, and 2014 fiscal years. Calculate the inventory turnover ratio for each company in each year and summarize your findings. All values are in millions of dollars. Foot Locker 2016 2015 2014 Cost of goods sold $4,913 $4.775 $4,375 Inventory 1.281 1.251 1.215 Finish Line Cost of goods sold $1,310 $1,234 $1,124 Inventory 373 342 302 DSW Cost of goods sold $1,843 $1,736 $1,635 Inventory 486 454 405 0

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