Inventory management 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 summa-rize your findings. All values are in $ millions.

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Foot Locker Cost of goods sold Inventory Finish Line Cost of goods sold Inventory ᎠᎦᏔ . Cost of goods sold Inventory 2016 $4,907 1,285 $1,306 377 $1,852 484 2015 $4,777 1,250 $1,237 343 $1,741 451 2014 $4,372 1,220 $1,123 304 $1,629 398 Foot Locker Cost of goods sold Inventory Finish Line Cost of goods sold Inventory ᎠᎦᏔ . Cost of goods sold Inventory 2016 $4,907 1,285 $1,306 377 $1,852 484 2015 $4,777 1,250 $1,237 343 $1,741 451 2014 $4,372 1,220 $1,123 304 $1,629 398

Answer rating: 100% (QA)

Footwear Iventory Turnover Ratio Cost of goods sold Inventory The first thing to notice is ... View the full answer