Question
AA 5-2 Comparative Analysis LO A3 Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $4,106 161,782 Required:
AA 5-2 Comparative Analysis LO A3 Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $4,106 161,782 Required: Apple One Year Prior $ 3,956 163,756 Two Years Prior $ 4,855 141,048 Current Year Google One Year Prior $999 $1,107 71,896 59,549 Two Years Prior $ 749 45,583 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? (a) Apple (b) Google Inventory Turnover
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