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Category > Management Posted 04 Jun 2017 My Price 10.00

Kroger, Albertson’s, Inc., and Safeway Inc. are the three largest grocery chains in the United States

Kroger, Albertson’s, Inc., and Safeway Inc. are the three largest 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

Beginning of Year

(in millions)

(in millions)

Albertson’s

$3,162

$3,104

Kroger

4,356

4,169

Safeway

2,741

2,642

The cost of goods sold for each company were:

Cost of Goods Sold

(in millions)

Albertson’s

$28,711

Kroger

42,140

Safeway

25,228

a. Determine the number of days’ sales in inventory and inventory turnover for the three companies. Round to the nearest day and one decimal place.

b. Interpret your results in (a).

c. If Albertson’s 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?

Answers

Maurice Tutor
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Status NEW Posted 04 Jun 2017 10:06 PM My Price 10.00

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