Business, 22.02.2020 00:55 chasechevy13
The financial statements of ConAgra Foods, Inc.’s 2014 annual report disclose the following information.
(in millions)
2014
2013
2012
Year-end inventories $2,201 $2,077 $2,341
Fiscal Year
2014
2013
Net sales $17,703 $15,427
Cost of goods sold 13,980 11,864
Net income 315 786
Compute ConAgra’s (a) inventory turnover and (b) the average days to sell inventory for 2014 and 2013. (Round inventory turnover to 1 decimal place, e. g. 7.6 and average days to sell inventory to 0 decimal places, e. g. 65.)
2014
2013
(a) Inventory turnover
times
times
(b) Average days to sell inventory
days
days
Answers: 1
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