Question: ( Major U . S . Retailers ) The following table shows financial data ( year 2 0 0 4 ) for Costco Wholesale and
Major US Retailers The following table shows financial data year for Costco
Wholesale and Walmart, two major US retailers.
McDonalds Wendys
Inventory $ $
Revenue
Cost of goods sold
Gross profit
Assume that both companies have an average annual holding cost rate of percent ie
it costs both retailers $ to hold an item that they procured for $ for one entire year
a How many days, on average, does a product stay in Costcos inventory before it is sold?
Assume that stores are operated days a year.
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