Kracker, Foodstuff Inc., and Winston Stores Inc. are three large grocery chains. Inventory management is an...

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Kracker, Foodstuff Inc., and Winston Stores Inc. are three large grocery chains. Inventory management is an important aspect of the grocery retail business. Recent balance sheets for these three companies indicated the following merchandise inventory information: Merchandise Inventory End of Year (in millions) Beginning of Year (in millions) Kracker $4,668 $2,754 Foodstuff 4.524 4,750 Winston 4,940 9,880 The cost of goods sold for each company was: Cost of Goods Sold (in millions) Kracker $51,348 Foodstuff 36.192 Winston 69,160 a. Determine the number of days sales in inventory for each of the three companies. Assume 365 days a year. Round all interim calculations to one decimal place. For number of days' sales in inventory, round final answers to the nearest day, and for inventory turnaver, round to ane decimal place, Company names Number of Days' Sales in Inventory Inventory Turnover Kracker Foodstuff Winston b. If winston had Kracker's number of 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. Kracker, Foodstuff Inc., and Winston Stores Inc. are three large grocery chains. Inventory management is an important aspect of the grocery retail business. Recent balance sheets for these three companies indicated the following merchandise inventory information: Merchandise Inventory End of Year (in millions) Beginning of Year (in millions) Kracker $4,668 $2,754 Foodstuff 4.524 4,750 Winston 4,940 9,880 The cost of goods sold for each company was: Cost of Goods Sold (in millions) Kracker $51,348 Foodstuff 36.192 Winston 69,160 a. Determine the number of days sales in inventory for each of the three companies. Assume 365 days a year. Round all interim calculations to one decimal place. For number of days' sales in inventory, round final answers to the nearest day, and for inventory turnaver, round to ane decimal place, Company names Number of Days' Sales in Inventory Inventory Turnover Kracker Foodstuff Winston b. If winston had Kracker's number of 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.

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