Question
Target is a discount retailer, and Costco is a consumer warehouse retailer. Select data for both companies are as follows (amounts in millions): Which of
Target is a discount retailer, and Costco is a consumer warehouse retailer. Select data for both companies are as follows (amounts in millions): Which of the following statements best describes differences in asset turnover between Target and Costco? a. Costco has higher total assets turnover due to higher inventory, receivables, and fixed assets turnovers. b. Costco has higher total assets turnover due to higher inventory and receivables turnovers, offset by lower fixed assets turnover. c. Costco has higher total assets turnover due to higher receivables and fixed assets turnovers, offset by lower inventory turnover. d. Costco has higher total assets turnover due to higher inventory and fixed assets turnovers, offset by lower receivables turnover.
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