Accounts Receivable and Inventory Analyses for Kellogg's and General Mills The following information was obtained from the fiscal year 2015 and 2014 financial statements included in Form 10-K of Kellogg Company and Subsidiaries and General Mills, Inc. and Subsidiaries. (Year-ends for Kellogg's are January 2, 2016, and January 3, 2015, and for General Mills are May 31, 2015, and May 25, 2014.) Assume all sales are on credit for both companies. (in millions) Kellogg's General Mills Accounts receivable, net* End of 2015 $1,200 $1,500 End of 2014 1,600 900 Inventories End of 2015 1,300 1,600 End of 2014 950 4,400 Net sales 2015 14,000 18,000 2014 15,000 17,000 ** Cost of goods sold* 2015 9,000 12,000 2014 8,000 11,000 *Described as "receivables" by General Mills. *Described as "cost of sales" by General Mills. Required: Assume a 360-day year. Using the information provided, compute the following for each company for 2015: a. Accounts receivable turnover ratio b. Number of days' sales in receivables c. Inventory turnover ratio Kellogg's General Mills 10 times times 36 days days times times