The inventory turnover ratio can be defined as the amount of inventory sold, divided by average inventory during the period. With Costco's financials in hand, one can quickly calculate its inventory turnover ratio with just three pieces of data, shown below in the table.
Carl Edwards was born in Columbia, Missouri on August 15, 1979. He graduated from Rock Bridge High School in 1997. Edwards initially did not plan to attend college, but he received some state assistance and decided to attend the University of Missouri in his hometown of Columbia.
Albert Einstein was born in Ulm, a part of the German Empire, on March 14, 1879. His father was Hermann Einstein and he was both an engineer and a salesman. His mother was Pauline Einstein. Although they lived in Ulm in the Kingdom of Wuttenberg when Albert was born, they moved to Munich when he was a year old. It was there that his father Hermann and his uncle founded a company that made electrical equipment based on direct current. His parents were both Jewish; however, they were not practicing Jews.