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The financial statements of ConAgra Foods, Inc. s 2014 annual report disclose the following information. (in millions) 2014 2013 2012 Year-end inventories $2,201 $2,077 $2,341

The financial statements of ConAgra Foods, Inc.s 2014 annual report disclose the following information.

(in millions)

2014

2013

2012

Year-end inventories $2,201 $2,077 $2,341

Fiscal Year

2014

2013

Net sales $17,703 $15,427
Cost of goods sold 13,980 11,864
Net income 315 786

Compute ConAgras (a) inventory turnover and (b) the average days to sell inventory for 2014 and 2013. (Round inventory turnover to 1 decimal place, e.g. 7.6 and average days to sell inventory to 0 decimal places, e.g. 65.)

2014 2015

a) inventory turnover __________ times _________ times

b) average days to sell inventory _________ days _________ days

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