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Kracker Corp, Foodstut, Inc, and Winston Stores, Inc. are three grocery chains in the United States. Inventory management is an important aspect of the grocery
Kracker Corp, Foodstut, Inc, and Winston Stores, Inc. are three grocery chains in the United States. Inventory management is an important aspect of the grocery retall butiness. Recent balance sheets for these three companies indicated the following merchandise inventory (in millions) information: a. a b. Determine the inventery timover and the number of doys' saies in inventory (uie 36 . days and reund to the nearest day) for the three companies. Round all interim calculations to ane decimal place. For days' sales in inventory, round final answers to the nearest day, and for inventory turnover, round to one decimal place. C. The inquntory turnever ratios and days' saies in inventory are for Kracker and Foodstulf Wintton 5 tares has a Lurtover and a doys' sales in imventory than Krocker and Fosdsturf. These rewolts suggest that Krocker and Foodstuff are than Winstan Stares in managing inventory. d. If Krocker had Winston Storat days' saies in inventocy, how much additional cash flow would have been generated from the smaller inventory relative to its actual averoge inuentary positon? Round interinm calculations to one decimal place and your final answer to the nearest million. milion
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