Inventory Turnover and days sales in inventory

Kroger, Sprouts Farmers Market, Inc., and Ingles Markets, 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:

	Kroger	Sprouts	Ingles
Cost of merchandise sold	$94,894	$3,460	$3,113
Inventory, end of year	8,123	264	372
Inventory, beginning of year	7,781	230	349

a. & b. 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
Sprouts
Ingles