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Compute krafts inventory turnover for the yearcompute the

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Reference no: EM13597792

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 (begining year)- $3,506
  • Inventory end of year- $4,096
  • average time to collect receivables- 45 days

1.Compute Kraft's inventory turnover for the year?
2.Compute the number of days required by Kraft to sell its average inventory?
3.What is the length of Kraft's operating cycle?

Reference no: EM13597792

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