Accounts receivable and inventory analyses for Kellogg's and General Mills

The following information was obtained from the fiscal year 2012 and 2011 financial statement included form 10-K of Kellogg Company and subsidiaries and General Mills, Inc. and subsidiaries. (Year-end for kelloggs are december 29, 2012, and december 31, 2011 and for General Mills are May 27, 2012, and May 29, 2011.) Assume all sales are on credit for both companies.

(in millions) Kelloggs General Mills

account receivable, net end of 2012 $1,454 $ 1,323.6

end of 2011 1,188 1,162.3

inventories end of 2012 1,365 1,478.8

end of 2011 1,174 1,609.3

net sales 2012 14,197 16,657.9

2011 13,198 14,880.2

cost of goods sold 2012 8,763 10,613.2

2011 8,046 8,926.7

describe as "receivables" by General Mills

describe as "cost of sales" by General Mills

required

round your internediate calculations and final answers to one decimal place. Assume a 360-day year.

1. using the information provided, compute the following for each company for 2012.

Kelloggs General Mills

a. Account receivable turnover ration ______times ________times

b. Number of days sales in receivables _______times ________times

c. Inventory turnover ration _______times _________times

d. Number of days sales in inventory _________times ________times

e. Cash to cash operating cycle _________times ________times