Comparing Companies within an Industry
Refer to the financial statements ol American Eagle Outfitters given in Appendix B. Urban Outfitters given in Appendix C, and the Industry Ratio Report given in Appendix D at the end of this book.
Required:
1. Compute the inventory turnover ratio for both companies for the current year. What would you infer from the difference?
2. Compare the inventory turnover ratio for both companies to the industry average. Are these two companies doing better or worse than the industry average in turning over their inventory?
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