This ratio tells us that, on average, Costco turned over its inventory 11.64 times during its 2015 fiscal year. We can go one step further to calculate how long it takes Costco to sell its average unit of inventory by dividing 365 by the company's inventory turnover ratio of 11.64.
Carhartt, Inc. , is a U.S. -based clothing company founded in 1889 that focuses on work clothes. It is still a family-owned company, owned by the descendants of company founder Hamilton Carhartt, with its headquarters in Dearborn, Michigan.
The following year, he got a patent for his invention under the name of his company - Benz & Cie. The three-wheeled car with a four stroke gasoline engine was launched in the market, three years after its invention, in 1888, and thus Karl Benz went down the history as the German inventor who invented the first ever car.