Question: Analysis Case 8-5 Compare inventory management using ratios; Kohl's and Dillards LO8-7 Real World Financials The table below contains selected financial information included in
Analysis Case 8-5 Compare inventory management using ratios; Kohl's and Dillards LO8-7 Real World Financials The table below contains selected financial information included in the financial statements of Kohl's Corporation and Dillards, Inc., two companies in the department store industry. Balance sheet: Inventories Income statement-2017: Net sales Cost of goods sold Required: ($ in millions) Kohl's Corp. 2019 2018 Page 453 Dillards, Inc. 2019 2018 $3,537 $3,475 $1,465 $1,528 $18,885 12,140 $6,204 4,236 Calculate the 2019 gross profit ratio, inventory turnover ratio, and average days in inventory for both companies. Evaluate the management i of each company's investment in inventory.
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