Inventory Turnover and days' sales in inventory Kracker Corp., Foodstuff, Inc., and Winston Stores,...

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Accounting

Inventory Turnover and days' sales in inventory
Kracker Corp., Foodstuff, Inc., and Winston Stores, Inc. are three grocery chains in the United States. Inventory management is an important aspect of the grocery retail business. Recent balance sheets for these three companies indicated the following merchandise inventory (in millions) information:
\table[[,\table[[Kracker],[Corp.]],\table[[Foodstuff],[Inc.]],\table[[Winston],[Stores]]],[Cost of merchandise sold,$33,580.0,$33,215.0,$35,770.0
Inventory beginning of year $1,951.3 $2,042.0 $1,4325.9
A. & b. Determine the inventory turnover and the number of days sales in inventory (use 365 days and round to the nearest day) for the three companies. Round all interim calculations to one decimal place. For days' sales in inventory, round final answers to the nearest day, and for inventory turnover, round to one decimal place.
C. The inventory turnover ratios and days sales in inventory are ________(similar or different) for kracker and foodstuff. Winston stores has a ________( higher or lower) inventory turnover and a _________(higher or lower) days sales in inventory than kracker and foodstuff. These results suggest that kracker and food stuff are ________(less or more) efficient than winston stores in managing inventory.
D. If kracker had winston stores days sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? Rount interim calculations to one decimal place and your final answer to the nearest million.
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