Discussion question inventory valuationsplease respond to, Ask an Expert

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Discussion Question: "Inventory Valuations"

Please respond to the following:

Use the internet to locate Wal-Mart Corporation's annual report, and review the financial statements.

• Examine the costs that Wal-Mart includes in inventory and cost of sales. Defend the three descriptions that Wal-Mart used to classify inventories, and suggest two other descriptions that Wal-Mart could include within their notes that would be useful to financial statement users. Justify your response.

• Discuss the overall significance of inventory turnover to a retail store. Compare Wal-Mart's 2012 and 2013 inventory turnover rate, and give your opinion on the way in which Wal-Mart could improve its inventory turnover ratio. Provide a rationale for your response.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92370564

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