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Category > Management Posted 06 Apr 2018 My Price 8.00

ConAgra Foods, Inc

Exercise 9-23

 

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

 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Apr 2018 05:04 PM My Price 8.00

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