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The following table shows financial data (year 2006) for Dirt Cheap Wholesale and Kwiki-Mart, two US retailers. Both companies have an average annual holding cost

The following table shows financial data (year 2006) for Dirt Cheap Wholesale and Kwiki-Mart, two US retailers. Both companies have an average annual holding cost of 20%.

Dirt Cheap Wholesale Kwiki-Mart Stores
Inventories ($ million) 4754 40894
Sales (net $ million) 59217 397206
COGS ($ million) 52762 326606

How many days (numbers are rounded off at two digits after decimal), on average, does a product stay in Dirt Cheaps inventory before it is sold? Assume that stores operate 365 days a year. How much does it cost (numbers are rounded off at two digits after decimal) Kwiki-Mart to hold an item valued at $50?

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