Abercrombie & Fitch has inventory levels of $399,795 thousand and $436,701 thousand at the end of fiscal-year ending 2016 and 2015 respectively. Cost of goods sold for 2016 is $1,298,172 thousand.
a. Calculate the inventory turnover ratio and the average days inventory outstanding for 2016.
b. Suggest three ways that Abercrombie & Fitch might improve inventory turnover.

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The Answer of Abercrombie & Fitch has inventory levels of $399,795 thousand and $436,701 thousand at the end of fiscal-year ending 2016 and 2015 respectively. Cost of goods sold for 2016 is $1,298,172 thousand.
a. Calculate the inventory turnover ratio and the average days inventory outstanding for 2016.
b. Suggest three ways that Abercrombie & Fitch might improve inventory turnover.

Abercrombie & Fitch Has Inventory Levels of $399,795 Thousand and $436,701