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Instructions Compute the ending inventory by the conventional retail inventory method E9-23 (L06) (Analysis of Inventories) The financial statements of ConAgra Foods, Inc.'s 2014 annual

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Instructions Compute the ending inventory by the conventional retail inventory method E9-23 (L06) (Analysis of Inventories) The financial statements of ConAgra Foods, Inc.'s 2014 annual report disclose the fol- lowing information. 2014 2012 $2,341 (in millions) Year-end inventories 2013 $2,201 $2,077 Fiscal Year 2013 $15,427 11,864 2014 Net sales Cost of goods sold Net income $17,703 13,980 315 786 Compute ConAgra's (a) inventory turnover and (b) the average days to sell inventory for 2014 and 2013

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