Question
Assess the inventory turnover ratios of three renowned companies: Company Cost of Goods Sold (in billions) Average Inventory (in billions) Walmart $350 $40 Amazon $280
Assess the inventory turnover ratios of three renowned companies:
Company | Cost of Goods Sold (in billions) | Average Inventory (in billions) |
Walmart | $350 | $40 |
Amazon | $280 | $35 |
Procter & Gamble | $180 | $25 |
Requirements:
- Calculate the inventory turnover ratio for each company.
- Interpret the inventory turnover ratios and discuss the efficiency of inventory management.
- Compare the inventory turnover ratios and analyze the differences in operational efficiency.
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Principles of Accounting
Authors: Belverd Needles, Marian Powers, Susan Crosson
10th edition
618736611, 978-1111809508, 111180950X, 978-0618736614
