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Evaluating Turnover and Nontraditional Efficiency Ratios Across Industries The following information is taken from publicly traded retailers. The data come from the balance sheet, income
Evaluating Turnover and Nontraditional Efficiency Ratios Across Industries
The following information is taken from publicly traded retailers. The data come from the balance sheet, income statement, and Item on the companies' Form filings. Use the information to answer the requirements.
tableSmillionsRevenue,CoGs,tableAverageInventorytableRetail SQFootage stable# ofStoresAutozone$$$CostcoHome Depot,LowesOReillyWalmart
Required
a Compute the days inventory outstanding DIO for each company.
Note: Do not round until your final answer: round your final answer to the nearest whole day.
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