Analyze and compare Costco, Wal-Mart, and Nordstrom The general merchandise retail industry has a number of segments represented by the following companies: Company Name Merchandise Concept Costco Wholesale Corporation (COST) Membership warehouse Wal-Mart Stores, Inc. (WMT) Nordstrom, Inc. (JWN) For a recent year, the following cost of goods sold and beginning and ending inventories are provided from corporate annual reports (in millions) for these three companies: Costco Cost of goods sold $102,901 $360,984 Inventories: Beginning of year End of year Costco Wal-Mart Nordstrom Discount general merchandise Fashion department store 8,908 45,141 8,969 44,469 a. Determine the inventory turnover ratio for all three companies. Round all calculations to one decimal place. Inventory Turnover Costco Wal-Mart Nordstrom Wal-Mart Nordstrom b. Determine the number of 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 calculations. Round final answers to one decimal place. Number of Days' Sales in Inventory days days days $9,168 1,733 1,945

Analyze and compare Costco, Wal-Mart, and Nordstrom The general merchandise retall industry has a number of segments represented by the following companies: For a recent yeas, the following cost of goods sold and beginning and ending inventories are provided from corporate annual reports (in millions) for these three companies: a. Determine the inventory turnover ratio for all three companies. Round all calculations to one decimal place. b. Oetermine the number of day' sales in inventory for alt three companies. Assume a 365-day year if required, round al computations to ene decimal place and use subsequent calculations. Round final answers to one decimal place