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Based on the information in the most recent annual report for TJX , answer the following questions: What types of items are included in inventory?
Based on the information in the most recent annual report for TJX answer the following questions:
What types of items are included in inventory?
What inventory costing method or methods does the company use to determine the inventory amount reported on its balance sheet?
How much inventory does the company have at the end of the most recent year?
What percentage of total current assets is inventory during the two years presented? Has this percentage increased, decreased, or remained the same during this period?
How much cost of goods sold does the company report for the most recent year?
Using the information presented in the annual report, calculate the inventory turnover for the current and previous years. Based on this information, has performance improved? Briefly explain your answer.
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