Analyze and compare Costco, Walmart, and Nordstrom The general merchandise retail 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 inventories are provided from corporate annual reports a. Determine the inventory turnover ratio for all three companies. If required, round all computations to one decimal place a b. Determine the days' sales in inventory for all three companies. Assume a 365-day year. If required, round all computations c. Based on the results, which of the following statements is INCORRECT with regard to each company's merchandising concept? 1. Costco holds only mass-appeal items that are sold quickly off the shelf. 2. Walmart has attractive pricing, but the inventory moves more slowly than would be the case at a club warehouse. 3. Nordstorm's inventory moves slowly but at a higher margin. 4. Walmart inventory moves very quickly at higher margins