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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 (COST)Membership warehouseWalmart Inc. (WMT)Discount general merchandiseNordstrom, Inc. (JWN)Fashion 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$132,886$385,301$10,155 Inventories: Beginning of year11,04043,7832,027 End of year11,39544,2691,978 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.Line Item DescriptionInventory TurnoverCostcofill in the blank 1 Walmartfill in the blank 2 Nordstromfill in the blank 3 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 calculations. Round final answers to one decimal place.Line Item DescriptionDays' sales in inventoryCostcofill in the blank 4 days Walmartfill in the blank 5 days Nordstromfill in the blank 6 days

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