Question: Q 2 . 9 ( Major U . S . Retailers ) The following table shows financial data ( year 2 0 0 4 )

Q2.9(Major U.S. Retailers) The following table shows financial data (year 2004) for Costco
Wholesale and Wal-Mart, two major U.S. retailers.
Assume that both companies have an average annual holding cost rate of 30 percent (i.e., it costs
both retailers $3 to hold an item that they procured for $10 for one entire year).
a. How many days, on average, does a product stay in Costco's inventory before it is sold.

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