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 is an important aspect of the grocery retail business. Recent balance sheets for these three companies indicated the following merchandise inventory (in millions) information: Cost of merchandise sold Inventory, beginning of year Inventory, end of year Kracker Corp. Foodstuff Inc. Winston Stores $32,850.0 1,908.9 1,871.1 $33,945.0 2,086.9 2,005.1 $35,770.0 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 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. Company names Inventory Turnover Kracker Foodstuff Winston Stores c. The inventory turnover ratios and days' sales in inventory are inventory than Kracker and Foodstuff. These results suggest tha d. If Kracker had Winston Stores' days' sales in inventory, how one decimal place and your final answer to the nearest million. million Days' Sales in Inventory days days days similar different for Kracker and Foodstuff. Winston Stores has a ff are inventory turnover and a days' sales in efficient than Winston Stores in managing inventory. flow would have been generated from the smaller inventory relative to its actual average inventory position? Round interim calculations to