Business
Business, 10.03.2020 04:05, kimberlywhite19

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: Kroger Sprouts Whole Foods Cost of merchandise sold $85,512 $2,541 $9,973 Inventory, end of year 5,688 165 500 Inventory, beginning of year 5,651 143 441 a. & b. Determine the inventory turnover and the number of days’ sales in inventory (use 365 days and round to one decimal place) 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 two decimal places. Company names Inventory Turnover Days' Sales in Inventory Kroger days Sprouts days Whole Foods days c. The inventory turnover ratios and days’ sales in inventory are for Kroger and Sprouts. Whole Foods has a inventory turnover and a days’ sales in inventory than Kroger and Sprouts. These results suggest that Kroger and Sprouts are efficient than Whole Foods in managing inventory. d. If Kroger had Whole Foods’ 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 decim

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 22:30, ringo12384
Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment
Answers: 1
image
Business, 22.06.2019 19:00, EllaSue
Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.
Answers: 3
image
Business, 22.06.2019 20:40, kaylee0424
Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year
Answers: 2
image
Business, 22.06.2019 23:00, keagank
You cannot make copies of media, even as a personal backup, without violating copyright. true
Answers: 3
Do you know the correct answer?
Kroger, Sprouts Farmers Market, Inc., and Whole Foods Markets, Inc. are three grocery chains in the...

Questions in other subjects:

Konu
English, 24.08.2021 08:30
Konu
Mathematics, 24.08.2021 08:30