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Kracker, Foodstuff Inc., and Winston Stores Inc. are three large grocery chains. Inventory management is an important aspect of the grocery retail business Recent balance

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Kracker, Foodstuff Inc., and Winston Stores Inc. are three large grocery chains. Inventory management is an important aspect of the grocery retail business Recent balance sheets for these three companies indicated the following merchandise inventory information: Merchandise Inventory End of Year (in Millions) Beginning of Year (in millions) Kracker $3,192 $1,692 Foodstuff 4,636 4,914 Winston 4,348 8,478 The cost of goods sold for each company was: Cost of Goods Sold (in millions) Kracker $41,496 60,268 Foodstuff Winston 34,784 a. Determine the number of days' sales in inventory for each of the three come A 365 days vear Round alterim calculations to one decimal place for number of days' sales in inventory, round final answers to the nearest day, and for inventory turnover round tone de place Company names Number of Days' Sales In Inventory Inventory Turnover Kracker days days Foodstuff day Winston

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