Accounts receivable and inventory analyses for kellogg's and general mills company. See attached

Exercise 13-5 Accounts Receivable and Inventory Analyses for Kellogg's and General Mills The following information was obtained from the fiscal year 2012 and 2011 financial statements included in Form 10-K of Kellogg Company and Subsidiaries and General Mills, Inc. and Subsidiaries. (Year-ends for Kellogg's 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. General Mills (in millions) Accounts receivable, neta Inventories Kellogg's End of 2012 $ 1,454 $ 1,323.6 End of 2011 1,188 1,162.3 End of 2012 1,365 1,478.8 End of 2011 1,174 1,609.3 2012 14,197 16,657.9 2011 13,198 14,880.2 2012 8,763 10,613.2 2011 8,046 8,926.7 Net sales Cost of goods soldb aDescribed as ''receivables'' by General Mills. bDescribed as ''cost of sales'' by General Mills. Required 1. Using the information provided, compute the following for each company for 2012: a. Accounts receivable turnover ratio Kellogg _________times GM____________ times b. Number of days' sales in receivables Kellogg _________days GM____________ days c. Inventory turnover ratio Kellogg _________times GM____________ times d. Number of days' sales in inventory Kellogg _________days GM____________ days e. Cash-to-cash operating cycle Kellogg _________days GM____________ days 2. Comment briefly on the liquidity of each of these two companies