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Analyze and compare Costco, Walmart, and Nordstrom The general merchandise retail industry has a number of segments represented by the following companies: Company Name
Analyze and compare Costco, Walmart, 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 Walmart Inc. (WMT) Nordstrom, Inc. (JWN) Discount general merchandise Fashion department store 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 Walmart Nordstrom Cost of goods sold $132,886 $385,301 $10,155 Inventories: Beginning of year 11,040 43,783 2,027 End of year 11,395 44,269 1,978 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 decimal place. Inventory Turnover Costco Walmart Nordstrom 11.8 V 8.80 V 5.1 b. Determine the days' sales in inventory for all three companies. Assume a 365-day year. If required, round all computations to one decimal
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