Question: Computing and Evaluating Inventory Turnover for Two Companies Abercrombie & Fitch Co. (ANF) and TJX Companies (TJX) report the following information in their respective January

 Computing and Evaluating Inventory Turnover for Two Companies Abercrombie & Fitch

Computing and Evaluating Inventory Turnover for Two Companies Abercrombie & Fitch Co. (ANF) and TJX Companies (TJX) report the following information in their respective January 2016 10-K reports relating to their 2015 and 2014 fiscal years. Abercrombie & Fitch TJX Companies Cost of Cost of $ millions Sales Goods Sold Inventories Sales Goods Sold Inventories 2015 $3,642 $1,416 $382 $32,389 $23,479 $3,490 2014 3,744 1,430 461 29,078 20,777 3,218 Compute the 2015 inventory turnover for each of these two retailers. Round answers to two decimal places. Inventory turnover rate ANF 0 TJX 0

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