Question: Kroger and Safeway Inc are grocery chains in the United

Kroger and Safeway Inc. are grocery chains in the United States. Inventory management is an important aspect of the grocery retail business. Balance sheets for these companies indicated the following inventory information:
The cost of goods sold for each company were:
a. Determine the days’ sales in inventory and inventory turnover for the companies. Round to the nearest day and one decimal place.
b. Which company has the faster inventory turnover?

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  • CreatedSeptember 15, 2015
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