Question: Safeway, Inc. is a large food and drug retailer with more than 1,700 stores in the United States and Canada. The following financial information relates

Safeway, Inc. is a large food and drug retailer with more than 1,700 stores in the United States and Canada. The following financial information relates to fiscal 2012 and 2011.

Required
Calculate inventory turnover and days €˜sales in inventory. Is Safeway performing better or worse than last year?Why?

(in millions) Sales Cost of goods sold Receivables Merchandise inventory 2012 $42,286.00 30,133.10 2011 $40,185.00 28,604.00 577.90 461.20 2,797.80 2,642.50

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