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Complete this question by entering your answers in the tabs below. Compute the average number of days required by Walmart to sell its inventory for

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Complete this question by entering your answers in the tabs below. Compute the average number of days required by Walmart to sell its inventory for the same years. Note: Use 365 days in a year. Round your intermediate calculation to 1 decimal place and final answers to the nearest whole number. Exercise 8.14 (Static) Inventory Analysis (LO8-7) The income statement of Walmart reports net sales of $559,151 million and cost of goods sold of $420,315 million for the year ended January 31, 2021. The comparable sales and cost of goods sold figures for the year ended one year earlier were $523,964 million and $394,605 million, respectively To be able to achieve this extremely high level of sales, a great deal of inventory must be maintained sc that customers will find what they want to buy when they shop in Walmart stores. In fact, in the January 31, 2021, balance sheet, inventory is presented at $44,949 million and the comparable figure for a year earlier is $44,435 million. Required: a. Using the year-end inventory figures, compute the inventory turnover for Walmart for both years. b. Compute the average number of days required by Waimart to sell its inventory for the same years. c. In which year was the company more efficient in its management of inventory? Complete this question by entering your answers in the tabs below. Using the year-end inventory figures, compute the inventory turnover for Walmart for both years. Note: Use only the ending inventory amount for computation rather than computing an average. Round your answers to 1 decimal place. Complete this question by entering your answers in the tabs below. In which year was the company more efficient in its management of inventory? The company wis moro efficant in its managment of inventory in

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