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 Inventories: Beginning of year $7,894 $44,858 End of year $8,406 $1,531 $8,456 $45,141 $1,733 a. Determine the inventory turnover ratio for all three companies. Round all calculations to one decimal place Inventory Turnover Costco Walmart Nordstrom