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

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Inventory Tumover and days' sales in inventory Kracker Corp, Foodsturf, Inc, and Winston Stores, Inc, are three grocery chains in the United Stotes. Inventary management is an important aspect of the: grocery retail business. Recent balance sheets for these three comparies indicated the following merchandise inventory (in milions) information: a. \& b. Determine the inventory turnover and the number of days' saies in inventory (use 365 days and round to the nearest day) for the three companies. Round all 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 ratios and days' sales in inventory are for Kracker and Foodstuff. Winston Stores has a inventory efficient turnover and a days' sales in inventory than Kracker and Foodstuff. These results suggest that Krocker and Foodstuff are. 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 smalier inventory relative to its actual average inventory position? Round interim calculations to one decimal place and your final answer to the nearest million. 3 million

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