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Inventory Tumover and days' sales in inventory Kracker Corp., Foodstuff, Inc., and Winston Stores, Inc, are three grocery chains in the United States. Inventory management

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Inventory Tumover 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 grocery retall business. Recent balance sheets for these three companles indicated the following merchandise inventory (in millions) information: a. \& b. Determine the inventory turnover and the number of days' sales in inventory (use 365 days and round to the nearest day) for three companies. Round all interim calculations to one decimal place. For days' sales in inventory, round final answers to the nearest o and for inventory turnover, round to one decimal place. c. The inventory turnover ratios and days' sales in inventory are for Kracker and Foodstuff. Winston Stores has a inventory turnover and a days' sales in Inventory than Kracker and Foodstuff. These results suggest Kracker and Foodstuff are efficient than Winston 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 small c. The inventory turnover ratios and days' sales in inventory are for Kracker and Foodstuff. Winston Stores has a inventory turnover and a days' sales in inventory than Kracker and Foodstuff. These results suggest Kracker and Foodstuff are efficient than Winston 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 small inventory relative to its actual average inventory position? Round interim calculations to one decimal place and your final answer to th nearest million. 5 x million

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