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Costco Wholesale Corporation disclosed inventory valued at $16.3 billion on its balance sheet for the fiscal year 2021. With cost of goods sold amounting to

Costco Wholesale Corporation disclosed inventory valued at $16.3 billion on its balance sheet for the fiscal year 2021. With cost of goods sold amounting to $151.2 billion and average inventory turnover of 12 times per year, compute Costco's average inventory holding period and assess the efficiency of its inventory management practices in minimizing stockouts and maximizing inventory turnover.

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