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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. inwentory management
Inventory Tumover and days' sales in inventory Kracker Corp, Foodstuff, Inc., and Winston Stores, Inc, are three grocery chains in the United States. inwentory management is an important aspect of the grocery retall business. Recent balance sheets for these three companies indicated the following merchandise inventory (in milions) information: a. B 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. Round alf Interim calculations to one decimal place. For days' sales in inventory, round final answers to the nearest day, and for inventory turnover, round to one decimal place. c. The inventory turnover ratos 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 resuits suggest that Kracker and Foodstuff are etficient than winstion Stores in managing inventory. d. If Kracker had Winston stores' days' sales in ifventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? Round interim calculations to one decimal place and your final answer to the nearest miltien. x million
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