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Inventory management Three companies that compete in the footwear market are Foot Locker, Finish Line, and DSW. The table below shows inventory levels and cost

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Inventory management Three companies that compete in the footwear market are Foot Locker, Finish Line, and DSW. The table below shows inventory levels and cost of goods sold for each company for the 2016, 2015, and 2014 fiscal years. Calculate the inventory turnover ratio for each company in each year and summa rize your findings. All values are in $millions. P3-13 Foot Locker Cost of goods sold Inventory Finish Line Cost of goods sold Inventory DSW Cost of goods sold Inventory 2016 2014 $4,777$4,372 1,285 ,250 1,220 2015 $4,907 $1,306 377 $1,237 $1,123 343 304 $1,852 484 $1,741 $1,629 451 398

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