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Compare the inventory turnover ratios of Walmart Inc. and Target Corporation using the following data: Company Walmart Inc. Target Corporation Cost of Goods Sold $150
- Compare the inventory turnover ratios of Walmart Inc. and Target Corporation using the following data:
Company | Walmart Inc. | Target Corporation |
Cost of Goods Sold | $150 billion | $120 billion |
Average Inventory | $30 billion | $25 billion |
- Question:
- Calculate the inventory turnover ratio for both Walmart Inc. and Target Corporation. Which company has a higher inventory turnover ratio?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
