eBook Show Me How Inventory Turnover and days' sales in inventory Kracker Corp., Foodstuff, Inc., and Winston Stores, Inc. are three grocery chains in the United States. Inventory management is an important aspect of the groce business. Recent balance sheets for these three companies indicated the following merchandise inventory (in millions) information: Kracker Foodstuff Winston Corp. Inc. Stores Cost of merchandise sold $32,850.0 $33,215.0 $35,040.0 Inventory, beginning of year 1,908.9 2,042.0 1,483.2 Inventory, end of year 1,871.1 1,962.0 1,396.8 a. & b. Determine the inventory turnover and the number of days' sales in inventory (use 365 days and round to the nearest day) for the three companies. Rou interim calculations to one decimal place. For days' sales in inventory, round final answers to the nearest day, and for inventory turnover, round decimal place. Company names Inventory Turnover Days' Sales in Inventory Kracker days Foodstuff days Winston Stores days c. The inventory turnover ratios and days' sales in inventory are similar V. for Kracker and Foodstuff. Winston Stores has a higher V inventory tu days' sales in inventory than Kracker and Foodstuff. These results suggest that Kracker and Foodstuff are less V efficient than Wir and a lower Stores in managing inventory. d. If Kracker had Winston Stores' days' sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its act average inventory position? Round interim calculations to one decimal place and your final answer to the nearest million. million