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The financial statements of ConAgra Foods, Inc.s recent annual report disclose the following information. (in millions Current Year Prior Year Year-end-inventories $934.2 $1,044.1 Net sales

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

(in millions Current Year Prior Year
Year-end-inventories $934.2 $1,044.1
Net sales 7,826.9 8,664.1
Cost of goods sold 5,484.8 6,234.9
Net income 648.0 (665.9)

Instructions

Compute ConAgras (a) inventory turnover (inventory at the beginning of the prior year was $1,642.6)and (b) the average days to sell inventory for the current and prior years.

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