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Three companies that compete in the footwear marlet are Foot Locker, Finish Line, and DSW. The table below (pictured) shows inventory levels and cost of

Three companies that compete in the footwear marlet are Foot Locker, Finish Line, and DSW. The table below (pictured) shows inventory levels and cost of goods sold for each company for the 2016, 2015, and 2014 fiscal years.
Calculate the inventory turnover ratio for each company in each year and summarize your findings. All values are in millions of dollars.
image text in transcribed
image text in transcribed
2014 2016 $4,906 1,287 2015 $4,780 1,247 $4,382 1,221 Foot Locker Cost of goods sold Inventory Finish Line Cost of goods sold Inventory DSW Cost of goods sold Inventory $1,247 $1,121 $1,320 374 346 301 $1,856 481 $1,750 447 $1,636 401 The inventory turnover ratio for Foot Locker in 2016 is . (Round to three decimal places.)

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