Question
Assume Abercrombie and Fitch (ANF) and TJ Maxx (TJX) report the following information in their respective January 2016 10-K reports. Abercrombie & Fitch TJ Maxx
Assume Abercrombie and Fitch (ANF) and TJ Maxx (TJX) report the following information in their respective January 2016 10-K reports.
| Abercrombie & Fitch | TJ Maxx | |||||
|---|---|---|---|---|---|---|
| ($ millions) | Sales | Cost of Goods Sold | Inventories | Sales | Cost of Goods Sold | Inventories |
| 2015 | $2,021 | $680 | $211 | $14,913 | $11,398 | $2,352 |
| 2016 | 2,785 | 933 | 363 | 16,058 | 12,295 | 2,366 |
Compute the 2016 inventory turnover for each of these two retailers.
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter J. Walton, Walter Aerts
3rd Edition
1408062860, 9781408062869
