Refer to CVS’s annual report in the Supplement to Chapter 5 and to the following data (in millions) for Walgreens: cost of goods sold, $42,391 and $38,518.1 for 2008 and 2007, respectively; inventories, $7,249, $6,790, $5,050 for 2008, 2007, and 2006, respectively. Ending inventories for 2006 for CVS were $7,560.2 million. Calculate inventory turnover and day’s inventory on hand for 2007 and 2008. If you did C 5, refer to your answer there for CVS. Has either company improved its performance over the past two years? What advantage does the superior company’s performance provide to it? Which company appears to make the most efficient use of inventories? Explain you answers.