Discuss overall significance of inventory turnover

Assignment Help Financial Management

Reference no: EM131245783

"Inventory Valuations" Please respond to the following:

Use the Internet to locate Wal-Mart Corporation's annual report, and review the financial statements.

From the e-Activity, examine the costs that Wal-Mart includes in inventory and cost of sales. Defend the three (3) descriptions that Wal-Mart used to classify inventories, and suggest two (2) other descriptions that Wal-Mart could include within their notes that would be useful to financial statement users. Justify your response.

Discuss the overall significance of inventory turnover to a retail store. Compare Wal-Mart's 2012 and 2013 inventory turnover rate, and give your opinion on the way in which Wal-Mart could improve its inventory turnover ratio. Provide a rationale for your response.

ONLY ONE PARAGRAPH.

Reference no: EM131245783

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