Question

what is the inventory turnover for walmart and target in 2014. list net revenue, cost of...

what is the inventory turnover for walmart and target in 2014. list net revenue, cost of goods sold, inventory, and the total average inventory investment

Homework Answers

Answer #1

Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory

= 358118 / 44330.5

= 8.08

Target for 2014 was 9.64 but actual achieved was 8.08 i.e. the targets were not met but the performance in that year was better than other years.

Net revenue = 473076

Cost of goods sold = 358118 i.e. 75.7% of net sales and gross profit is 24.3% of net sales.

Inventory = 44858

Total average inventory investment = (Opening inventory + closing inventory)/2

= (43803+44858)/2

= 44330.5

The values have been taken from the annual reports of Walmart.

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