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Inventory Turnover and days' sales in inventory Kroger Sprouts Farmers Marketing, and Ingles Markets, Inc. are three grocery chains in the United States, Inventory management

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Inventory Turnover and days' sales in inventory Kroger Sprouts Farmers Marketing, and Ingles Markets, Inc. are three grocery chains in the United States, Inventory management is an important aspect of the grocery retall business Recent balance sheets for these three companies indicated the following merchandise inventory (in Millions) information Kroger Sprouts Ingles Cost of merchandise sold 594,894 $3,460 $3,113 Inventory end of year 3,123 264 372 Inventory, beginning of year 7,781 230 349 6. Determine the inventory turnover and the number of days' sales in inventory (use 365 days) for the three companies. Round all interim calculations to one decimal place. For days' sales in inventory, round final answers to one decimal place, and for Inventory turnover, round to two decimal places Company names Inventory Turnover Days' Sales In Inventory Kroger days Sprouts days Ingles days . The inventory turnover ration and days' sales in inventory are for Kroger and Sprouts. Ingles has a anda days' sales in inventory than Kroger and Sprouts. These results suggest that Kroger and Sprouts are Ingles in managing inventory inventory turnover efficient than Inge hed Kroger's day sales in Inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average Inventory 7 Round interim calculations to one decimal place and your final answer to the nearest million milio

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