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Compute ConAgra inventory turnover times

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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?

Reference no: EM132749695

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