Question: Help please Dillard's, Inc., operates 308 department stores located in 29 states primarily in the Southwest. Southeast, and Midwest. In its annual report for the
Help pleaseDillard's, Inc., operates 308 department stores located in 29 states primarily in the Southwest. Southeast, and Midwest. In its annual report for the year ended January 29, 2011, the company reported Cost of Goods Sold of $3,619.00 million, ending inventory for the current year of 51.287 million, and ending inventory for the previous year of $1,298 million. 1. Calculate the inventory turnover ratio and days to sell for Dillard's. (Use 365 days in a year for your calculations. Do not round intermediate calculations. Round your final answers to 1 decimal place.) Inventory Turnover Ratio Days to Sell times per year days 2. In a recent year, Macy's reported an inventory turnover ratio of 2.7 Which company's inventory turnover is faster? Macy's Dillard's
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