Do you think that Macys or Wal-Mart has the higher inventory turnover ratio ? Why? Which company

Question:

Do you think that Macy’s or Wal-Mart has the higher inventory turnover ratio? Why? Which company do you think has the higher gross margin ratio? Why? (Find these firms’ financial statements on the Internet and see if you are correct.)

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,... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...