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Computing and Evaluating Inventory Turnover for Two Companies Abercrombie & Fitch Co. (ANF) and TJX...

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Accounting

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.

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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 Cost of Cost of $ millions Sales Inventories Sales Inventories Goods Sold $1,336 1,430 Goods Sold $462 $29,834 $20,924 20,777 2015 $3,444 $3,846 2014 3,744 461 29,078 3,218 Compute the 2015 inventory turnover for each of these two retailers Round answers to two decimal places Inventory turnover rate ANF TIX

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