Calculating Gross Profit and Inventory Turnover The following table presents sales revenue, cost of goods sold, and inventory amounts for three computer/electronics companies, Samsung Electronics Co., Hewlett-Packard Company, and Apple Inc. $ millions Fiscal year ending Samsung Electronics Co. Ltd. Korean won) Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2012 228,692,667 Revenues 206,205,987 201,103,613 Cost of goods sold 137,696,309 128.278.800 126.651.931 19.134,868 Inventory 17.317.504 17,747,413 Hewlett-Packard Company (US dollar) Oct. 31, 2014 Oct. 31, 2013 Oct. 31, 2012 Revenues (Products only) 72.398 77,887 73.726 Cost of goods sold 55.632 59.468 56.469 Inventory 6,415 6,046 6.317 Apple Inc. (US dollar) Sep. 27, 2014 Sep. 28, 2013 Sep. 29, 2012 182,795 170,910 Revenues 156,508 Cost of goods sold 87.846 112258 106,606 Inventory 2.111 1,764 791 Required: a. Compute the gross profit margin (GPM) for each of these companies for all three fiscal years. (Round your answers to one decimal place.) 2014 2013 2012 Samsung 04 Hewlett-Packard % Apple b. Compute the inventory turnover ratio and the average inventory days outstanding for each company for the last two fiscal years. (All three firms use FIFO inventory costing.) Do not round until your final answers. Round answers to one decimal place. Inventory Inventory Turnover Turnover AIDO AIDO 2014 2013 2014 2013 Samsung Hewlett-Packard Apple