AA $14-3$Extended Analysis LO A$1$

For the current annual reports of Samsung and Apple, assume they report the following.

$ millions Samsung Apple

Current Year Prior Year Current Year Prior Year

Raw materials inventory, ending $ $11,500$ $ $12,400$ $ $2,100$ $ $1,900$

Raw materials used $63,59856,57572,00074,800$

Required:

$$ Compute the recent two years' days$$sales in raw materials inventory for $($a$)$Samsung and $($b$)$Apple$.$

$$ Is the current year change in Samsung$$s days$$sales in raw materials inventory favorable or unfavorable? Is the current year change in Apple$$s days$$sales in raw materials inventory favorable or unfavorable?

$$ For the current year, is Samsung$$s days$$sales in raw materials inventory better or worse than Apple$$s$?($Assume all production needs can be met for both companies.$)$For the current annual reports of Samsung and Apple, assume they report the following.