Average Days in Inventory $=$ Average Inventory $-$: Average Daily Cost of Goods Sold

This ratio indicates the average number of days the company holds its inventory before sale. A higher ratio indicates a company$$s inefficiency in selling its inventory. The ratio is computed by dividing the average inventories $/$ merchandise inventories during the year $($average inventory $=$ average of the beginning balance of inventory and ending balance of inventory$)$ divided by the daily Cost of Goods Sold $($also referred to as Cost of Sales or Merchandise Costs or Cost of Products Sold$).$ Assume $365$ days in a year.

Which of the following $4$ companies has the lowest Average Days in Inventory?

Group of answer choices

Target Corporation $($for the year $2021)$

Apple, Inc. $($for the year ended Sep $24,2022)$

CVS Health Corporation $($for the year ended December $31,2021$

Costco Wholesale Corporation $($for the year ended Aug $28,2022)$