Kroger, Sprouts Farmers Market, Inc., and Whole Foods Markets, 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:

a. Determine the inventory turnover. Round to two decimal places.

b. Determine the days’ sales in inventory. Round to one decimal place. 

c. Interpret your results in parts (a) and (b).

d. If Kroger had Whole Foods’ 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 inventory position?

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Kroger $94,894 Sprouts Cost of merchandise sold Inventory, end of year Inventory, beginning of year Ingles 53,113 53,460 8,123 264 372 7,781 230 349