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Inventory Turnover and days' sales in Inventory Kracker Corp., Foodstuff, Inc., and Winston Stores, Inc. are three grocery chains in the United States. Inventory management
Inventory Turnover and days' sales in Inventory Kracker Corp., Foodstuff, Inc., and Winston Stores, Inc. are three grocery chains in the United States. Inventory management Important aspect of the grocery retail business. Recent balance sheets for these three companies indicated the following merch Inventory (in millions) information: Kracker Foodstuff Winston Corp. Inc. Stores Cost of merchandise sold $33,580.0 $33,215.0 $35,770.0 Inventory, beginning of year Inventory, end of year 1,951.3 1,912.7 2,042.0 1,962.0 1,615.0 1,521.0 a. & b. Determine the inventory turnover and the number of days' sales in inventory (use 365 days and round to the nearest de three companies. Round all interim calculations to one decimal place. For days' sales in inventory, round final answers to the nea and for inventory turnover, round to one decimal place
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