Financial Ratio Analysis
Wal-Mart Stores, Inc., had cost of revenue of $219,793 million for the fiscal year ended January 31, 2005. It had an inventory balance of $29,447 million at the end of this fiscal year. Using the quarterly information, Wal-Mart’s average inventory balance during the fiscal year is $29,769.25: Inventory balance, in millions $28,320 $27,963 $33,347
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