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
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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 38BE: Inventory Analysis Callahan Company reported the following information for the current year....
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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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