Question

Use the following information from The Wet Seal, Inc., to analyze the firm’s inventory management. Calculate the gross profit ratio and the inventory turnover ratio for each year. How do you think Wet Seal is managing its inventory? What other information would be useful in answering this question?


From the balance sheet at January 31, 2009
Inventory $25,529 (in thousands)
From the balance sheet at February 2, 2008
Inventory $31,590
From the balance sheet at February 3, 2007
Inventory $34,231
From the balance sheet at January 28, 2006
Inventory$25,475


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  • CreatedSeptember 01, 2014
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