Question: Question 1 Computing and Evaluating Inventory Turnover for Two Companies Abercrombie & Fitch Co. (ANF) and TJX Companies (TJX) report the following information in their

Question 1

Computing and Evaluating Inventory Turnover for Two Companies Abercrombie & Fitch Co. (ANF) and TJX Companies (TJX) report the following information in their respective January 2016 10-K reports relating to their 2015 and 2014 fiscal years.

Abercrombie & Fitch TJX Companies
$ millions Sales

Cost of

Goods Sold

 Inventories Sales

Cost of

Goods Sold

 Inventories
2015 $3,444 $1,336 $462 $29,834 $20,924 $3,846
2014 3,744 1,430 461 29,078 20,777 3,218

Compute the 2015 inventory turnover for each of these two retailers. Round answers to two decimal places.

Inventory turnover rate
ANF Answer
TJX Answer

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