Question: Q 2 . 9 ( Major U . S . Retailers ) The following table shows financial data for Costco Wholesale and Walmart, two major
QMajor US Retailers The following table shows financial data for Costco Wholesale and Walmart, two major US retailers.CostcoInventories Sales netCOGS Source: Compustat, WRDSAssume 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 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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