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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

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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: Kracker Foodstuft Winston Corp. Inc. Stores Cost of merchandise sold $34,310.0 $34,675.0 $35,040.0 Inventory, beginning of year 1.9937 2,131.0 14832 Inventory, end of year 1,9543 2,0482 1.396.8 3. b. Determine the inventory turnover and the number of days tales 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 Days' Sales in Inventory Kracker days Foodstutt days Winston Stores days G. The inventory turnover ratios and day sales in inventory are for Kracker and Foodstuff Winston Stores has inventory turnover anda days' sales in inventory than tracker and Foodstuff. These results suggest that Kracker and Foodstuff are efficient than Winston Stores in managing inventory d. 1 Kader had Winston Stone day sales in imrentory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position Round Interim calculations to one decimal place and your final answer to the nearest million. million Check My Work Previous

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