Key figures for Samsung follow.

Required

1. For the most recent two years, compute Samsung’s 

(a) Inventory turnover 

(b) Days’ sales in inventory.

2. Is the change in Samsung’s inventory turnover favorable or unfavorable?

3. Did the current year inventory turnover for Samsung underperform or outperform the industry’s average turnover of 15?

Transcribed Image Text:

$ millions Current Year One Year Prior Two Years Prior Inventory..... $ 22,966 $ 24,870 $ 22,708 Cost of sales. 126,336 113,598 117,515