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Costco has the following data for 2014 (in million dollars): COSTCO Net sales 112,640 Cost of goods sold 98,458 Accounts payable 8,491 Total inventories 8,456

Costco has the following data for 2014 (in million dollars):

COSTCO

Net sales

112,640

Cost of goods sold

98,458

Accounts payable

8,491

Total inventories

8,456

Accounts receivable

791

What is their inventory flow time?

What is the companys flow time for accounts payable? How about the flow time for accounts receivable?

What is the average cash-to-cash flow time for Costco in 2014?

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