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question PR 05.05A Making a business decision.. #1,#2,#3. I dont get what number to use for question #1. what number to add and divide. I'm
question PR 05.05A Making a business decision.. #1,#2,#3. I dont get what number to use for question #1. what number to add and divide. I'm having a problem with this question.
2. Which company appears to be performing better? - Reple is doing bother which mear that they need to Kere less money invested in invalin their inventory is converted to soles quibh. 3. Assume Company A has an inventory turnover ratio of 52.8 times and Company has inventory turnover ratio of 12.6. Based on this information, which of the following statement is correct? A company has in vanton of 52.8 tunel bl muntory is expressed in tines, 15. PR.OS OSA Making Business Decisions: Analyzing Wal-Mart's Inventory Turnover Ratio You are considering an investment in the common stock or Wal-Mart. The following information is from the financial statements of Wal-Mart Stores, Inc. and Subsidiaries included in Form 10-K for fiscal years 2015 and 2016 (in millions of dollars): Cost of sales for the year ended: January 31, 2016 $360,984 January 31, 2015 365,086 Inventories: January 31, 2016 44,469 January 31, 2015 45,141 January 31, 2014 44,858 The following information is from the financial statements induded in Form 10-K for fiscal years 2015 and 2014 for Target Corporation (in millions of dollars): Cost of products for the year ended: January 30, 2016 $51,997 January 31, 2015 51,278 Inventory: January 30, 2016 8,601 January 31, 2015 8,282 February 1, 2014 8,278 Use 360 days a year. Required: 1. Calculate the inventory turnover ratios for Wal-Mart and Target Corporation for the years ending January 31, 2016 and January 30, 2016, respectively. If required, round your answers to one decimal places. times Wal-Mart: Target Corporation: times 2. Which company appears to be performing better? Assume Company A has an inventory turnover ratio of 52.8 times and Company B has inventory turnover ratio of 12.6. Based on this information, which of the following statement is correctStep by Step Solution
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