Assignment: Compare the 2014 inventory turnover results for two or more publicly traded companies. Examples: 1) AutoZone (a Memphis based company) with Advance Auto, 2) Apple, Dell, and Best Buy, 3) WalMart and Target . Write an executive summary (two page, double spaced, 12 pt Georgia or Tahoma font) detailing the respective inventory turnover ratios for the given period, giving the equivalent number of days of inventory for each company, and the potential financial impact if the under-performing company could match the inventory turnover ratio of the higher-performing company. Assume a 25% carrying cost ratio. Be careful to use the correct units for the financial impact. (Financial numbers in Income Statements and Balance Sheets are often in $millions.)
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