MAD 6-3 Analyze and compare Costco, Wal-Mart, and Nordstrom The general merchandise retail industry has a number of segments represented by the following companies Obj. 7 Company Name Costco Wholesale Corporation (coST) Wal-Mart Stores, Inc. (WMT) Nordstrom, Inc. (JWN) Merchandise Concept Membership warehouse Discount general merchandise Fashion department store For a recent year, the following cost of goods sold and beginning and ending invento provided from corporate annual reports (in millions) for these three companies are Nordstrom Costco $102,901 Wal-Mart $360,984 $9,168 Cost of goods sold Inventories: Beginning of year End of year 8,908 8,969 45,141 44,469 1,733 1,945 a. Determine the inventory turnover ratio for all three companies. Round all calculations to one decimal place. b. Determine the number of days' sales in inventory for all three companies. Use 365 days and round all calculations to one decimal place. C. Interpret these results based on each company's merchandising concept