SEE IMAGE for appendix. Refer to the financial statements of Target $($Appendix B$.)$ and Walmart $($Appendix C$.)$ and the Industry Ratio Report $($Appendix D$.)$ at the end of this book.

Required:

Compute the inventory turnover ratio for both companies for the current year.

What do you infer from the difference?

Compare the inventory turnover ratio for both companies to the industry average. Are these two companies doing better or worse than the industry average in turning over their inventory?

Both companies sell similar types of merchandise. Would you expect them to use the same or different inventory costing methods for their U$.$S$.$ inventories?aaaa