Three companies that compete in the footwear market are Foot Locker, Finish Line, and DSW. The table

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Three companies that compete in the footwear market are Foot Locker, Finish Line, and DSW. The table below shows inventory levels and cost of goods sold for each company for the 2016, 2015, and 2014 fiscal years. Calculate the inventory turnover ratio for each company in each year and summarize your findings. All values are in $ millions.

Foot Locker 2016 2014 2015 Cost of goods sold $4,907 $4,777 $4,372 1,285 Inventory 1,250 1,220 Finish Line $1,237 Cost o

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,...
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Related Book For  answer-question

Principles of Managerial Finance

ISBN: 978-0134476315

15th edition

Authors: Chad J. Zutter, Scott B. Smart

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