Use the Allstott 2014 income statement that follows and the balance sheet from exercise S13-6 to compute the following:

a. Allstott's rate of inventory turnover and days inventory outstanding for 2014
b. Days' sales in average receivables (days sales outstanding) during 2014 (round dollar amounts to one decimal place)
c. Accounts payable turnover and days' payables outstanding
d. Length of cash conversion cycle in days
Do these measures look strong or weak? Give the reason for your answer.

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Allstott, Inc. Statements of Income (Adapted) Year Ended December 31, 2014 and 2013 (dollar amounts in millions) Revenues Expenses: 2014 2013 $9,500 $9,309 Food and paper (Cost of goods sold) Payroll and employee benefits Occupancy General and administrative expenses Interest expense Other expense (income), net 2,509 2,138 2,413 1,217 184 19 1,020 285 $ 735 2,644 2,211 2,375 1,148 and other operating expenses Income before income taxes Income tax expense Net income (34) 848 267 $ 581