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Walmart Ine. Consolidated Statements of Income Fiscal Years Euded January 31, 2018 2019 2017 (Amounts in mtllions, axrapt per

Walmart Inc. Consolidated Balance Sheets As of January 31, (Amonts in mllions 2018 2019 ASSETS Current assets: 6.756 Cash and

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I need some help with this problem. please show work. many thanks

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Answer #1

Inventory Turnover = Cost of Goods Sold /Average inventory

= 385,301/[(44,269+43,783)/2]

= 385,301/44,026

= 8.75 times

Days sales in inventory = 365/Inventory Turnover

= 365/8.75

= 41.71 days

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