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Question - The financial statements of ConAgra Foods, Inc.'s 2017 annual report disclose the following information.
(in millions) 2017 2016 2015
Year-end inventories $934.2 $1,044.1$ 642.6
Fiscal Year 2017 2016
Net sales $7,826.9 $8,664.1
Cost of goods sold 5,484.8 6,234.9
Net income 648.0 (665.9)
2017 2016.
Required -
(a) Compute ConAgra's inventory turnover times?
(b) Compute ConAgra's the average days to sell inventory for days?
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