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A recent annual report of Kraft Foods Group, Inc., reveals the following information (dollar amounts are stated in millions). Cost of goods sold $ 13,360

A recent annual report of Kraft Foods Group, Inc., reveals the following information (dollar amounts are stated in millions).

Cost of goods sold $ 13,360

Inventory (beginning of year) $ 1,616

Inventory (end of year) $ 1,775

Average time required to collect accounts receivable 17 days

a. Compute Kraft Food Group, Inc.'s inventory turnover for the year. (Round your answer to 1 decimal place.)

b. Compute the number of days required to sell its average inventory. (Use 365 days in a year. Round your answer to the nearest whole number.)

c. What is the length of Kraft's operating cycle? (Round your answer to the nearest whole number.)

a. Inventory turnover | ____ days

b. number of days | ___ days

c.length of operating cycle | ____ days

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