compute general mills rsquo s a inventory turnover and b the average days to sell in 645804

(Analysis of Inventories) The financial statements of General Mills, Inc.’s 2010 annual report disclose the following information.

(in   millions)

30 May 10

31 May 09

25 May 08

Inventories

$1,344

$1,347

$1,367

   

Fiscal Year

   

2010

2009

Sales

 

$14,797

$14,691

Cost of   goods sold

 

8,923

9,458

Net   income

 

1,535

1,314

Instructions

Compute General Mills’s (a) inventory turnover and (b) the average days to sell inventory for 2010 and 2009.