Question: Walmart is implementing Lean principles in its inventory management. Requirements: Calculate the Inventory Turnover Ratio for a Walmart store with annual sales of $10,000,000 and

  • Walmart is implementing Lean principles in its inventory management.
  • Requirements:
    • Calculate the Inventory Turnover Ratio for a Walmart store with annual sales of $10,000,000 and an average inventory value of $2,000,000.
    • Recommend measures to optimize inventory turnover.
    • Justify how optimizing inventory turnover aligns with Lean principles in retail operations at Walmart.
    • Explain the impact of inventory turnover on Walmart's balance sheet.

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