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2 Key figures for Samsung follow. # millions Inventory Cost of sales Current Year # 24,983,355 #129,290,661 One Year Prior # 18,353,503 #120,277,715 Two Years
2 Key figures for Samsung follow. # millions Inventory Cost of sales Current Year # 24,983,355 #129,290,661 One Year Prior # 18,353,503 #120,277,715 Two Years Prior # 18,811,794 #123, 482,118 3 points Required: 1. Compute Samsung's inventory turnover and for the most recent two years. 2. Is Samsung's inventory turnover on a favorable or unfavorable trend? 3. In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) average of 15? eBook Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Samsung's (a) inventory turnover for the most recent two years. (Round your answers to 2 decimal places.) Current Year One Year Prior (a) Inventory turnover times times
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