The following information was obtained from the fiscal year 2014 and 2013 financial statements included in Form 10-K of Kellogg Company and Subsidiaries and General Mills, Inc. and Subsidiaries. (Year-ends for Kelloggs are January 3, 2014, and December 28, 2013, and for General Mills are May 25, 2014, and May 26, 2013.) Assume all sales are on credit for both companies.

(in millions)			Kelloggs	General Mills
Accounts receivable, net*		End of 2014	$1,200	$1,500
		End of 2013	1,600	900
Inventories		End of 2014	1,300	1,600
		End of 2013	950	3,200
Net sales		2014	14,000	18,000
		2013	15,000	17,000
Cost of goods sold**		2014	9,000	12,000
		2013	8,000	11,000
*Described as receivables by General Mills.
**Described as cost of sales by General Mills.

1. Using the information provided, compute the following for each company for 2014:

	Kelloggs		General Mills
a. Accounts receivable turnover ratio		times		times
b. Number of days' sales in receivables		days		days
c. Inventory turnover ratio		times		times
d. Number of days' sales in inventory		days		days
e. Cash-to-cash operating cycle		days		days