Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   How do I plug in the 30 days to find my answer? (https://www.askmehelpdesk.com/showthread.php?t=606732)

  • Oct 25, 2011, 09:43 AM
    barelracingrl15
    How do I plug in the 30 days to find my answer?
    Kroger, Safeway Inc. and Winn-Dixie Stores Inc. Are three grocery chains in the United States. Inventory management is an important aspect of the grocery retail business. Recent balance sheets for these three companies indicated the following merchandise inventory information:

    Merchandise Inventory
    End of Year (in millions) Beginning of Year (in millions)
    Kroger $4,859 $4,855
    Safeway 2,591 2,798
    Winn-Dixie 665 649

    The cost of goods sold for each company were:

    Cost of Goods Sold (in millions)
    Kroger $58,564
    Safeway 31,589
    Winn-Dixie 5,269

    C. If Winn-Dixie had Kroger's number of days' sales in inventory, how much additional
    Cash flow (round to nearest million) would have been generated from the smaller
    Inventory relative to its actual average inventory position?
  • Jul 29, 2012, 08:11 PM
    lwilliams113
    If Winn-Dixie had Kroger's number of days' sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position?

  • All times are GMT -7. The time now is 09:08 AM.