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Inventory Tumpver and days' sales in imventory Kracker Corp., Foodstuff, Inc., and Winston Stores, Inc, are three grocery chains in the United States. Inventory management
Inventory Tumpver and days' sales in imventory 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 retail business. Recent balance shects for these three companies indicated the following merchandise inventory (in millions) information: a. 8 b. Determine the inventory turnover and the number of days' sales in inventory (use 365 doys and round to the nearest day) for the three companies. Round all interim calculations to one decimal place, For days' sales in inventery, round final answers to the nearest day, and for inventory turnover, round to one decimal place, c. The imyentory turnover ratios and days' sales in inventory are tor Kracker and Foodstuff, Winston Stores has a inventery tumover and a days' sales in inventery than Kracker and Foodstuff, These results suggest that Kracker and Feodstutf 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 smaller inventory reiative to its actual average inventory position? Round interim calculations to one decimal place and your final answer to the nearest muilion. 1 multion
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