Safeway, Inc , operated 1,739 stores as of January 3, 2009 The following data were taken from the company 's annual report All dollar amounts are in thousands Required a Compute Safeway 's inventory turnover ratio for 2008 and 2007 b Compute Safeway 's average days to sell inventory for 2008 and 20...

c Inventory Management Analysis Comparing ...

Safeway, Inc., operated 1,739 stores as of January 3, 2009. The following data were taken from the

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Safeway, Inc., operated 1,739 stores as of January 3, 2009. The following data were taken from the company's annual report. All dollar amounts are in thousands.

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a. Compute Safeway's inventory turnover ratio for 2008 and 2007.

b. Compute Safeway's average days to sell inventory for 2008 and 2007.

c. Based on your computations in Requirements $a$ and $b$, did Safeway's inventory management get better or worse from 2007 to 2008 ?

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Fundamental Financial Accounting Concepts

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Authors: Thomas Edmonds

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Safeway, Inc., operated 1,739 stores as of January 3, 2009. The following data were taken from the

Question:

January 3, 2009 Fiscal Years Ending December 29, 2007 Revenue $44,104,000 $42,286,000 Cost of goods sold 31,589,200 30,133,100 Net income 965,300 (888,400) Merchandise inventory 2,591,400 2,797,800

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