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EX 7-21 Inventory turnover and days' sales in inventory 0B1.7 inventory Kroger, Sprouts Farmers Market, Inc, and Whole Foods Markets, inc.are three grocery chains in

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EX 7-21 Inventory turnover and days' sales in inventory 0B1.7 inventory Kroger, Sprouts Farmers Market, Inc, and Whole Foods Markets, inc.are three grocery chains in 08 the United States. Inventory management is an important aspect of the grocery retail busi- ness. Recent balance sheets for these three companies indicated the following merchandise inventory (in millions) information Whole Foods Cost of merchandise sold Inventory, end of year inventory, beginning of year Kroger $85,512 5,688 5,651 Sprouts $2,541 165 143 $9,973 500 441 Al a. Determine the inventory turnover. Round to two decimal places. b. Determine the days' sales in inventory. Round to one decimal place. c. Interpret your results in parts (a) and (b). d. If Kroger had Whole Foods days' sales in inventory, how much additional cash flovw (rounded to nearest million) would have been generated from the smaller inventory relative to its actual average inventory position

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