Calculate the inventory turnover ratios for wal-mart for

Reference no: EM13598053

The following information was summarized from the 2007 annual report of Wal-Mart Stores, Inc.

__________________________________________________(In Millions)_______
Cost of sales for the year ended January 31:
2007 $264,152
2006 237,649

Inventories, January 31:

2007 33,685
2006 31,910

The following information was summarized from the 2006 annual report of Target Corporation:
Cost of sales for the year ended:

February 3, 2007 $39,399
January 28, 2006 34,927

Inventory:

February 3, 2007 6,254
January 28, 2006 5,838

Required
1. Calculate the inventory turnover ratios for Wal-Mart for the year ending January 21, 2007, and Target for the year ending February 2007?
2. Which company appears to be performing better? What other information should you consider to determine how these companies are performing in this regard?

Reference no: EM13598053

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