Question: Q 2 . 9 ( Major U . S . Retailers ) The following table shows financial data for Costco Wholesale and Walmart, two major

Q2.9 (Major U.S. Retailers) The following table shows financial data for Costco Wholesale and Walmart, two major U.S. retailers. Costco Inventories Sales (net) COGS Source: Compustat, WRDS. 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 1 entire year). a. How many days, on average, does a product stay in Costcos inventory before it is sold? Assume that stores are operated 365 days a year.

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