Financial Statements of ConAgra Foods, Inc.’s Assignment | Top Universities
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2017 annual report discloses the following information
| (in millions) | 2017 | 2016 | 2015 | |||
|---|---|---|---|---|---|---|
| Year-end inventories | $934.2 | $1,044.1 | $1,642.6 | |||
| Fiscal Year | ||||||
| 2017 | 2016 | |||||
| Net sales | $7,826.9 | $8,664.1 | ||||
| Cost of goods sold | 5,484.8 | 6,234.9 | ||||
| Net income | 648.0 | (665.9) | ||||
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.)
| 2017 | 2016 | |||||||
|---|---|---|---|---|---|---|---|---|
| (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. Get Accounting homework help today |
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