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Analyze and compare Costco, Walmart, and NordstromThe general merchandise retail industry has a number of segments represented by the following companies:Company NameMerchandise ConceptCostco Wholesale Corporation
Analyze and compare Costco, Walmart, and NordstromThe general merchandise retail industry has a number of segments represented by the following companies:Company NameMerchandise ConceptCostco Wholesale Corporation COSTMembership warehouseWalmart Inc. WMTDiscount general merchandiseNordstrom, Inc. JWNFashion department storeFor 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:Line Item DescriptionCostcoWalmartNordstromCost of goods sold$$$ Inventories: Beginning of year End of year 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.Line Item DescriptionInventory TurnoverCostcofill in the blank Walmartfill in the blank Nordstromfill in the blank b Determine the days sales in inventory for all three companies. Assume a day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place.Line Item DescriptionDays' sales in inventoryCostcofill in the blank days Walmartfill in the blank days Nordstromfill in the blank days
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