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Krogec, Sprouts Earmers Market, Inc, and Ingles Markets, Inc. are three grocery chains in the United States, Inventory managerners is an important aspect of the

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Krogec, Sprouts Earmers Market, Inc, and Ingles Markets, Inc. are three grocery chains in the United States, Inventory managerners is an important aspect of the grocery retail business. Recent balance sheets for these three companies indicated the following merchandice inventory (in milions) information: a. \& b. Determine the inventory tumover and the number of days' sales in inventory (use 365 dsys) for the three campanies, Round all interim calculations to one decimal place. For doys' sales in inventory, round final answers to one decimal place, and for inventory turnover, round to two decimal places, c. The inventory turnover ratios and dovs' sales in inventory are for Kroger and Sprouts. Ingles has a inventory turnover and a days' soles in inventory than Kroger and Sprouts. These results suggest that Kroper and Sprouts are] efficient than Ingles in manag ing inventory. d. If Ingler had Krogec's days' sales in inventocy, how much additionai cavn flow would have been generated from the smaller inventory relative to its actual average inventary position? Round interim calculations to one decimal place and your fialal answer to the nearest million. $ million

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