Inventory Turnover for Caterpillar

The following amounts are available from the 2013 financial statements in the Form 10-K for Caterpillar, Inc., the fashion retailer. (All amounts are in millions of dollars and February 1, 2014, is the end of the companys 2013 fiscal year.)

Cost of sales and related buying and occupancy costs	$5,199
Merchandise inventories, February 1, 2014	857
Merchandise inventories, February 2, 2013	778

Required:

1. Compute Caterpillar's inventory turnover ratio for 2013. If required, do not round intermediate calculations and round your final answer to two decimal places. Use rounded answer in the subsequent calculations. times

2. What is the average length of time it takes to sell an item of inventory? Assume a 360-day year. When required, round your answer to the nearest whole number. days

3. What additional information would help Nordstrom determine whether the time it takes it to sell inventory on average is reasonable?