Costco, Walmart, Nordstrom: Inventory turnover and Number of days sales in inventory The general merchandise retail industry has a number of segments represented by the following companies: Company Name Costco Wholesale Corporation Membership warehouse Walmart Stores, Inc. Nordstrom, Inc. For a recent year, the following cost of goods sold and beginning and ending inventories are provided from corporate annual reports (in millions) for these three companies: Merchandise Concept Discount general merchandise Fashion department store Costco Walmart Nordstrom Cost of goods sold $98,458 $365,086 $8,406 Inventories: Beginning of year $7,894 $44,858 End of year a. Determine the inventory turmover ratio for all three companies. Round all calculations to one decimal place. $8,456 $45,14 $1,733 Inventory Turnover Costco Walmart Nordstrom b. Determine the number of 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. Number of Days Sales in Inventory Costco Walmart Nordstrom days days days