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A recent annual report of Kraft Foods, Inc. reveals the following information (dollar amounts are stated in millions): Cost of goods sold $24,651 Inventory (beginning

A recent annual report of Kraft Foods, Inc. reveals the following information (dollar amounts are stated in millions): Cost of goods sold $24,651 Inventory (beginning of year) ... 3,506 Inventory (end of year) .. 4,096 Average time required to collect accounts receivable 45 days a. Compute Krafts inventory turnover for the next year (round to the nearest tenth). b. Compute the number of days required by Kraft to sell its average inventory (round to the nearest day). c. What is the length of Krafts operating cycle? d. What comparative information would you want to be able to evaluate Krafts operating cycle figure

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