The following information was summarized from the 2011 annual report of Wal-Mart Stores, Inc. and Subsidiaries: (in

Question:

The following information was summarized from the 2011 annual report of Wal-Mart Stores, Inc. and Subsidiaries:
(in millions)
Cost of sales for the year ended January 31:
2011............................................................$315,287
2010..............................................................304,444
Inventories, January 31:
2011...............................................................36,318
2010...............................................................32,713
The following information was summarized from the 2010 annual report of Target Corporation:
(in millions)
Cost of sales for the year ended:
January 29, 2011................................................$45,725
January 30, 2010.................................................44,062
Inventory:
January 29, 2011...................................................7,596
January 30, 2010...................................................7,179
Required
1. Calculate the s for Wal-Mart and Target for the years ending January 31, 2011 and January 29, 2011, respectively.
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
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...