Apple: Current year(inventory $1,764, Cost of sales 106,606 ) one year prior ( Inventory $791, Cost of sales 87,846) Two years prior (inventory $776, Cost of Sales 64,431)

Google: Current Year (inventory $426, Cost of sales 25,858) One year prior (inventory $505, Cost of sales 20,634) Two years prior (inventory $35, Cost of sales 13,188)

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. Comment on and interpret your findings from parts 1 and 2. Assume an industry average for inventory turnover of 40.

(Comparative figures for Apple and Google)