Analyze and compare Krispy Kreme and Dunkin' Brands Krispy Kreme Doughnuts, Inc. (KKD) is a leading retailer and wholesaler of doughnuts. Krispy Kreme owns or franchises more than 1,100 stores where the "hot" light tells you if doughnuts are cooking. Dunkin' Brands Group, Inc. (DNKN) is a leading franchisor of doughnut (Dunkin' Donuts) and ice cream (Baskin-Robbins) shops with more than 20,000 stores worldwide. Selected financial statement information for a recent year for both companies follows (in thousands): Krispy Kreme Dunkin' Brands Operating expenses $466,616 $438,108 Depreciation expense 16,199 Cash (end-of-year balance) 50,785 361,425 20,458 a. Determine the days' cash on hand for each company. Round all calculations to one decimal place. Krispy Kreme Dunkin' Brands Days' Cash on Hand days days b. Which company appears to have the stronger cash liquidity position? Analyze and compare Monster Beverage and Brown-Forman Monster Beverage Corporation (MNST) develops, markets, and sells energy and other alternative beverage brands. Brown-Forman Corporation (BF.B) manufactures and sells a wide variety of spirit and wine beverages, such as Jack Daniel's. The cost of goods sold and inventory were obtained from a recent annual report for both companies as follows (in millions): Monster Beverage Brown-Forman $1,090 $945 Cost of goods sold Inventories: Beginning of year End of year 175 953 156 1,054 a. Determine the inventory turnover for both companies. Round all calculations to one decimal place. Inventory Turnover Monster Beverage Brown-Forman b. Determine the number of days' sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Number of Days' Sales in Inventory days Monster Beverage Brown-Forman days C. The difference in the inventory efficiency is mainly due to 1. the merchandising strategy. 2. the aging process. 3. raw material availability. 4. the demand for the product