Question: Using the average inventory basis as defined in the textbook, calculate the Target Corporation's inventory turnover for the fiscal year ending January 29, 2022. 8.5X

Using the average inventory basis as defined in the textbook, calculate the Target Corporation's inventory turnover for the fiscal year ending January 29, 2022.

8.5X

5.4X

6.1X

0.3X

Insufficient information is provided in the financial statements to calculate this answer.

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