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Compute conagra the average days to sell inventory

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Question: 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

Reference no: EM131756711

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