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. Smilliens Fiscal year ending Samsung Electronics Co. Ltd. S. Korean Won Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Revenues 206,205,987 228,602,667 201,103,613 Cost of goods sold 128.273,800 137,696,309 126,651,931 Inventory 17,317.504 19.134.868 17,747,413 Hewlett-Packard Company (US dollar) Oct. 31, 2014 Oct. 31, 2013 Oct. 31, 2012 Revenues Products only 73.726 72,398 398 77,887 Cost of goods sold 56,469 55,632 59,468 Inventory 6,415 6,046 6,317 Apple Inc. (US dollar Sep. 27, 2014 Sep. 28, 2013 Sep. 29, 2012 182,795 170,910 156,508 Cost of goods sold 112,258 106,606 87,846 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 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 Turnover 2014 Inventory Turnover 2013 AIDO 2014 AIDO 2013 Samsung Hewlett-Packard Apple