The financial statements of ConAgra Foods, Inc.'s 2017 annual report disclose the following information. (in millions) 2017 2016 2015 Year-end inventories $934.2 $1,044.1 $1,642.6 Fiscal Year 2017...

The financial statements of ConAgra Foods, Inc.'s 2017 annual report disclose the following information.<br>(in millions)<br>2017<br>2016<br>2015<br>Year-end inventories<br>$934.2<br>$1,044.1<br>$1,642.6<br>Fiscal Year<br>2017<br>2016<br>Net sales<br>$7,826.9<br>$8,664.1<br>Cost of goods sold<br>5,484.8<br>6,234.9<br>Net income<br>648.0<br>(665.9)<br>Compute ConAgra's (a) inventory turnover and (b) the average days to sell inventory for 2017 and 2016. (Round inventory turnover to<br>1 decimal place, e.g. 7.6 and average days to sell inventory to 0 decimal places, eg. 65.)<br>2017<br>2016<br>(a)<br>Inventory turnover<br>times<br>times<br>(b)<br>Average days to sell inventory<br>days<br>days<br>

Extracted text: The financial statements of ConAgra Foods, Inc.'s 2017 annual report disclose 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, eg. 65.) 2017 2016 (a) Inventory turnover times times (b) Average days to sell inventory days days

Jun 10, 2022

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The financial statements of ConAgra Foods, Inc.'s 2017 annual report disclose the following information. (in millions) 2017 2016 2015 Year-end inventories $934.2 $1,044.1 $1,642.6 Fiscal Year 2017...

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