Homework answers / question archive / Accounts Receivable and Inventory Analyses for Kellogg's and General Mills   The following information was obtained from the fiscal year 2014 and 2013 financial statements included in Form 10-K of Kellogg Company and Subsidiaries and GeneralMills, Inc

Accounts Receivable and Inventory Analyses for Kellogg's and General Mills   The following information was obtained from the fiscal year 2014 and 2013 financial statements included in Form 10-K of Kellogg Company and Subsidiaries and GeneralMills, Inc

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Accounts Receivable and Inventory Analyses for Kellogg's and General Mills

The following information was obtained from the fiscal year 2014 and 2013 financial statements included in Form 10-K of Kellogg Company and Subsidiaries and GeneralMills, Inc. and Subsidiaries. (Year-ends for Kellogg's are January 3, 2015, and December 28, 2013, and for GeneralMills areMay 25, 2014, andMay 26, 2013.) Assume all sales are on credit for both companies.

Required

1. Using the information provided, compute the following for each company for 2014:

a. Accounts receivable turnover ratio

b. Number of days' sales in receivables

c. Inventory turnover ratio

d. Number of days' sales in inventory

e. Cash-to-cash operating cycle