Kroger, Safeway Inc., and Winn-Dixie 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 information:

The cost of goods sold for each company was:

a. Determine the number of days’ sales in inventory and the inventory turnover for the three companies. Round to the nearest day and one decimal place.
b. Interpret your results in part (a).
c. If Winn-Dixie had Kroger’s number of days’ sales in inventory, how much additional cash flow (rounded to nearest million) would have been generated from the smaller inventory relative to its actual average inventoryposition?

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Merchandise Inventory Kroger Safeway Winn-Dixie End of Year (in millions) $4,966 2,623 658 Beginning of Year (in millions) $4,935 2,509 665 Kroger Safeway Winn-Dixie Cost of Goods Sold (in millions) $63,927 29,443 5,182