Kroger Co., Safeway Inc., and Winn-Dixie Stores, Inc., are three large grocery chains in the United States. Inventory management is an important aspect of the grocery retail business.

The balance sheets for these three companies indicated the following merchandise inventory information:

The cost of goods sold for each company during fiscal year 2004 was:

a. Determine the number of days' sales in inventory and inventory turnover for the three companies for fiscal year 2004. Round to one decimal place.
b. Interpret your results in(a).

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Merchandise Inventory Fiscal 2004 End-of Year Balance (in millions) $4,169 2,741 Fiscal 2003 End-of Year Balance (in millions) $4,175 2,642 1,047 Kroger Safeway Winn-Dixie 992 Cost of Goods Sold for Fiscal Year 2004 (in millions) S39,637 25,228 Kroger Safeway Winn-Dixie 7,819