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Analyze and compare Costco, Waimart, and Nordstrom The general merchandise retal industry has a number of segments represented by the following companies: For a recent

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Analyze and compare Costco, Waimart, and Nordstrom The general merchandise retal industry has a number of segments represented by the following companies: For a recent year, the following cost of goods sold and beginning and ending imventories are provided from corporate annual reports (in miltions) for these three companies: a. Determine the inventory turnover ratio for all three companies. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimat place. b. Determine the days' sales in inventory for all three companies. Assume a 365 -day year. If required, round all computations to one decimal place and use in subsequent calcuiations. Round final answers to one decimal place. c. Bostd on the results, which of the following statements is INCOARECT with regard to each company's inerchandising concept? 1. Costco holds only mass-appeal items that are sold quickly off the sheif. 2. Waimart has attractive pricing, but the inventory moves more slowly than would be the case at a club warehouse. 3. Nordstorms inventory moves slowly but at a higher margin. 4. Waimart inventory moves very quickly ot higher margins

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