Compute kraft heinz inventory turnover for the year

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Reference no: EM133371117

Question: A recent annual report of the Kraft Heinz Company reveals the following information (dollar amounts are stated in millions).

Cost of goods sold: 16,529

Inventory (beginning of year): 2,684

Inventory (end of year): 2,815

Average time required to collect accounts receivable: 31 days

a. Compute Kraft Heinz's inventory turnover for the year (round to the nearest tenth).

b. Compute the number of days required to sell its average inventory (round to the nearest day).

c. What is the length of Kraft Heinz's operating cycle?

d. What comparative information would you want to be able to evaluate Kraft Heinz's operating cycle figure?

Reference no: EM133371117

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