Apple	2022	2021
Inventory	$4,946	$6,580
Total Revenues	$394,328	$365,817
Cost of Sales	$223, 546	$212,981
Inventory T/O Ratio	45.20	32.37
Gross Profit Ratio	43.31%	41.78%

Cisco	2022	2021
Inventory	$2,568	$1,559
Total Revenues	$51,557	$49,818
Cost of Sales	$19,309	$17,924
Inventory T/O Ratio	7.52	11.50
Gross Profit Ratio	62.55%	64.02%

• For the inventory turnover ratio, what does the difference for that ratio between Apple and Cisco tell you about their inventory management? Was there any trend in this ratio for either Company or for both Companies over the last two years? Was that trend positive or negative?
• For the gross profit ratio calculations, what do the results for both companies tell you about their overall profitability for the last two years? Was there any trend in this ratio for either Company or for both Companies over the last two years? Was that trend positive or negative?