Compute kraft inventory turnover for the year

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Reference no: EM13138003

A recent annual report of Kraft Foods, Inc., reveals the following information (dollar amounts are stated in millions):

Cost of goods sold $ 24,651
  Inventory (beginning of year) 3,506
  Inventory (end of year) 4,096
  Average time required to collect accounts receivable 45 days

a. Compute Kraft’s inventory turnover for the year. (Round your answer to 1 decimal place.)

  Inventory turnover times

b. Compute the number of days required by Kraft to sell its average inventory. (Round your number of days to nearest whole day.)

  Number of days days

c. What is the length of Kraft’s operating cycle?

  Length of operating cycle days

Reference no: EM13138003

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