The general merchandise retail industry has a number of

segments #8166

The general merchandise retail industry has a number of segments represented by the following
companies:
Company Name Merchandise Concept
Costco Wholesale Corporation ....... Membership warehouse
Walmart .................. Discount general merchandise
JCPenney................. Department store

For a recent year, the following cost of merchandise sold and beginning and ending inventories
have been provided from corporate annual reports (in millions) for these three companies:

a. Determine the inventory turnover ratio for all three companies. Round to one decimal place.
b. Determine the number of days' sales in inventory for all three companies. Round to one
decimal place.
c. Interpret these results based on each company's merchandiseconcept.

The general merchandise retail industry has a number of segments

ANSWER
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