Exercise 9-23

The financial statements ofConAgra Foods, Inc.'s 2014 annual report disclose the following information.

Exercise 9-23 The nancial statements of ConAgra Foods, Inc.'s 2014 annual report disclose the following information. [In millions} 2014 son 2012 Year-end Inventories $2,201 523?? 52,34 1 Fiscal Year 21114 2013 Net sales $113113 515,42? Cost of goods sold 13,9EID 11,354- Net income 315 E'BE El Compute ConAgra's (a) inventory.r turnover and (b) the average davs to sell inventory for 2014 and 2013. (Round inventory turnover to 1 decimal place, e.g. 7.5 airclr average days to sell inventory to 0 decimal places, e.g. 55.) 2014 2013 [a]: Inventorv turnover times times {h} Average davs to sell Inventory davs davs