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data asked for: Specifically, you need to locate annual reports and 10-K fillings for 2015 as follows: -The Home Depot, Inc.: http://corporate.homedepot.com/Lowe's Companies, Inc.: http://www.lowes.com/and

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Specifically, you need to locate annual reports and 10-K fillings for 2015 as follows: -The Home Depot, Inc.: http://corporate.homedepot.com/Lowe's Companies, Inc.: http://www.lowes.com/and find "Investor Relations" Assume that the average annual inventory holding cost rate is 32% for both companies; price and inventory turns are independent; and there are 365 days of operations in a year. For the following parts, show equations and calculations, and copy and complete the above table. (b) What is the average number of days that a product typically stays in the two companies' inventories until sold (inventory duration)? (c) What are the inventory turns a year at these two retailers? (d) What are the per-unit inventory cost rates at the two companies? (e) Regarding equivalent cordless drills with the same unit cost of $125, which retailer has the lower inventory holding cost and by how much? (Dollar amounts) (f) Find the average gross profit on an inventory merchandise investment of $125. Using your result in part (e), find the immediate gross profit (gross profit minus inventory holding cost). Which company has the higher immediate gross profit

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