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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

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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 summarize your findings. All values are in millions of dollars. Foot Locker Cost of goods sold 2016 2015 2014 $4,905 Inventory 1,288 $4,772 1,246 $4,381 1,217 Finish Line Cost of goods sold $1,303 $1,250 $1,119 Inventory 377 346 308 DSW Cost of goods sold $1,854 $1,735 Inventory 481 455 $1,621 399

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