Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For fiscal year 2022, Walmart Inc. reported cost of sales of $429 billion and an average inventory of $8.5 billion. How much was Walmart's Inventory

For fiscal year 2022, Walmart Inc. reported cost of sales of $429 billion and an average inventory of $8.5 billion.

How much was Walmart's Inventory Turnover Ratio (Also known as stockturn ratio) in that year? Explain what that ratio mean for the company.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Aircraft Finance Strategies For Managing Capital Costs In A Turbulent Industry

Authors: Bijan Vasigh, Reza Taleghani, Darryl Jenkins

1st Edition

1604270713, 9781604270716

More Books

Students also viewed these Finance questions