Key figures (RMB 000s) for GOME (www.GOME.com.hk), which is the leading chain retailer of consumer electronic products and household appliances in China, follow.

Required
1. Use these data and those from BTN 5-2 to compute
(a) Inventory turnover
(b) Days' sales in inventory for the most recent two years shown for GOME, Best Buy and RadioShack.
2. Comment on and interpret your findings from part 1.

Transcribed Image Text:

RMB 000s Current Year 5,473,497 41,381,223 One Year Prior Two Years Prior Inventory Cost of sales . . . 5,383,039 38,383,276 4,882,754 22,369,445