Question: i just need help with wiestion D please!! Kracker Corp., Foodstuff, Inc., and Winston Stores, Inc. are three grocery chains in the United States, Inventory

i just need help with wiestion D please!!
i just need help with wiestion D please!! Kracker Corp., Foodstuff, Inc.,

Kracker Corp., Foodstuff, Inc., and Winston 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 (in mililions) information: a. 8. b. Determine the inventory tumover and the number of days' sales in inventory (use 365 days and round to the nearest day) for the three companies. Round all interim calculations to one decimal place, For days' sales in inventory, round final answers to the nearest day, and for inventory turnover, round to one decimal place. Kracker and Foodstuff are efficient than Winston Stores in managing inventory: d. If Kracker had Winston Stores' days' sales in inventory, how much additional cash flow would have been generated from the smaller Inventory relative to its actual average inventory position? Round interim calculations to one decimal place and your final answer to the nearest million. x mullion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!