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.
In 1954, Francis Fortman and Kenny Kerr decided to build a car for the 1954 World Series of Drag Racing, the first such event hosted by the Automobile Timing Association of America. The event was held at Half Day Speedway in Lawrenceville, Ill., about 20 miles from Chicago, none too far from Fortman and Kerrâs home.