Wal-Mart
The Wal-Mart Story
Wal-Mart is a national discount retailer offering a wide variety of general merchandise to customers. Wal-Mart stores offer pleasant and convenient shopping in 36 departments including family apparel, health and beauty aids, household needs, electronics, toys, fabrics and crafts, lawn and garden, jewelry and shoes. In addition, some Wal-Mart stores offer a Pharmacy Department, Tire & Lube Express, garden center, snack bar or restaurant, Vision Center, and One-Hour Photo Processing for convenience (http://www.…
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…credit simply because they do not sell to wholesalers. In fact, they receive credit more often than none from their suppliers.
The total asset turnover ratio is intended to indicate how effectively a firm is using all of its assets and can be calculated as follows:
Total Asset Turnover = Sales/Total assets
Total asset turnover = 2.35
In comparison to an industry average of 3, Wal-Mart is right on point with its effectiveness of asset allocation.
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