Monster Beverage Corporation (MNST) develops, markets, and sells energy and other alternative beverage brands. Brown-Forman Corporation (BF.B) manufactures and sells a wide variety of spirit and wine beverages, such as Jack Daniel€™s®. The cost of goods sold and inventory were obtained from a recent annual report for both companies as follows (in millions):

a. Determine the inventory turnover for both companies. Round all calculations to one decimal place.
b. Determine the number of days€™ sales in inventory for both companies. Use 365 days and round all calculations to one decimal place.
c. Interpret the difference in inventory efficiency based on the companies€™ respective product types.

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Monster Beverage $1,090 Brown-Forman Brown-Forman $ 945 Cost of goods sold Inventories: Beginning of year End of year 175 156 953 1,054