Costco Walmart Nordstrom

Cost of goods sold $$132,886$$$385,301,$$$10,155$

Inventories:

Beginning of year $,11,040,43,783,2,027$

End $of$ year $11,395,44,269,1,978$

a$.$ Determine the inventory turnover ratio for all three companies. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place.

Inventory Turnover

Costco

Walmart

Nordstrom

b$.$ Determine the days' sales in inventory for all three companies. Assume a $365-$day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place.

Days' sales in inventory

Costco days

Walmart

days

Nordstrom

days

c$.$ Based on the results, which of the following statements is INCORRECT with regard to each company's merchandising concept?

Costco holds only mass$-$appeal items that are sold quickly off the shelf.

Walmart has attractive pricina, but the inventorv moves more slowlv than would be the case at a club warehouse.