Question: Problem 1 (5 points) The following table shows financial data (year 2004) for Costco Wholesale and Walmart. Inventory Sales (net) COGS Costo (s Million) 3,643

Problem 1 (5 points) The following table shows

Problem 1 (5 points) The following table shows financial data (year 2004) for Costco Wholesale and Walmart. Inventory Sales (net) COGS Costo (s Million) 3,643 48,106 41,651 Walmart (s Million) 29,447 286,103 215,493 Assume that the annual inventory carrying rate of both companies are 40%. 1. (2 points) How many days, on average, does a product stay in Costco's warehouse before being sold? 2. (3 points) Consider a product that costs Costco and Walmart $50 per unit. On average, how much do Costco and Walmart pay respectively to hold a unit of this product before selling it

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