Costco Wholesale Corporation operated 787 stores as of September 1, 2019. The following data were taken from the company’s annual report. All dollar amounts are in millions.

Required
a. Compute Costco’s inventory turnover ratio for 2019 and 2018.
b. Compute Costco’s average days to sell inventory for 2019 and 2018.
c. Based on your computations in Requirements a and b, did Costco’s inventory management get better or worse from 2018 to 2019?

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Net sales Cost of goods sold Net income Merchandise inventory Fiscal Years Ending September 1, 2019 September 2, 2018 $152,703 $141,576 132,886 123,152 3,659 3,134 11,395 11,040