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Megaway, Inc. is a large food and drug retailer with more than 1,700 stores in...

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Accounting

Megaway, Inc. is a large food and drug retailer with more than 1,700 stores in the U.S. and Canada. The following financial information relates to fiscal years, 2011 and 2012.

(In Millions) 2012 2011

Sales $42,286 $40,185

Cost of goods sold 33,000 31,000

Receivables 577.9 461.2

Merchandise inventory 2,900 2,700

What is Megaway, Inc's inventory turnover for 2012 and 2011, respectively?

11.38, 11.48

8.79%, 8.71%

14.58, 14.88

3.20, 3.40

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