Homework Answers
| 1 | Inventory turnover = Cost of goods sold / Average inventory | ||||
| Kroger | Sprouts | Whole foods | |||
| Cost of goods sold | 85512 | 2541 | 9973 | ||
| Beginning inventory | 5651 | 143 | 441 | ||
| Ending inventory | 5688 | 165 | 500 | ||
| Average inventory | 5669.5 | 154 | 470.5 | ||
| Average inventory = (Beginning + Ending )/2 | |||||
| Inventory turnover | 15.08 | 16.50 | 21.20 | Times | |
| 2 | Days sale in inventory = 365 / inventory turnover | ||||
| Days sales in inventory | 24.2 | 22.1 | 17.2 | Days | |
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