From the e-Activity(Use the Internet to locate Wal-Mart Corporation’s annual report, and review the
financial statements. Be prepared to discuss), examine the costs that Wal-Mart includes in inventory and
cost of sales. Defend the three (3) descriptions that Wal-Mart used to classify
inventories, and suggest two (2) 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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