The following information was summarized from the 2009 annual report of Wal-Mart Stores, Inc. and Subsidiaries: (in

Question:

The following information was summarized from the 2009 annual report of Wal-Mart Stores, Inc. and Subsidiaries:
(in millions)
Cost of sales for the year ended January 31:
2009 .................. $306,158
2008 .................. 286,350
Inventories, January 31:
2009 .................. 34,511
2008 .................. 35,159
The following information was summarized from the 2008 annual report of Target Corporation:
(in millions)
Cost of sales for the year ended:
January 31, 2009 .............. $44,157
February 2, 2008 .............. 42,929
Inventory:
January 31, 2009 .............. 6,705
February 2, 2008 .............. 6,780
Required
1. Calculate the s for Wal-Mart and Target for the year ending January 31, 2009.
2. Which company appears to be performing better? What other information should you consider to determine how these companies are performing in this regard?

Inventory Turnover Ratio
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