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Compute safeway inventory turnover ratio

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Reference no: EM13930354

Safeway, Inc., operated 1,700 stores as of January 1, 2011. The following data were taken from the company's annual report. All dollar amounts are in millions.

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Required: 

a. Compute Safeway's inventory turnover ratio for 2010 and 2009. 

b. Compute Safeway's average days to sell inventory for 2010 and 2009. 

c. Based on your computations in Requirements a and b, did Safeway's inventory management get better or worse from 2009 to 2010?

Reference no: EM13930354

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