Financial Statements of ConAgra Foods, Inc. Assignment | Top Universities
The financial statements of ConAgra Foods, Inc.’s 2017 annual report disclose the following information.
|Cost of goods sold||5,484.8||6,234.9|
Compute ConAgra’s (a) inventory turnover and (b) the average days to sell inventory for 2017 and 2016. (Round inventory turnover to 1 decimal place, e.g. 7.6 and average days to sell inventory to 0 decimal places, e.g. 65.)
|(a)||Inventory turnover||enter the inventory turnover rounded to 1 decimal place||times||enter the inventory turnover rounded to 1 decimal place||times|
|(b)||Average days to sell inventory||enter the average days to sell inventory rounded to 0 decimal places||days||enter the average days to sell inventory rounded to 0 decimal places||days|