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. (S. Korean won) 2017 2016 2015 Revenues 239,575,376 201,866,745 200,653,182 Cost of goods sold 129,290,661 120,277,715 123,482,118 ,,, Inventory 24,983,355 18,353,503 18,811,794 Hewlett-Packard Company (US dollar) 2017 2016 2015 Revenues (Products only! 58.472 52,056 2020 BEC 48,238 47 90 47.803 Cost of gouds sold 20240 42.478 39,240 Inventory 6,062 705 5,786 4,484 Apple Inc. (US dollar) 2017 2016 2015 Revenues 265.395 229,234 215.639 Cost of goods sold 163.756 141,048 131,376 Inventory 3,956 4,855 2.132 , 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.) 2017 2016 2015 Samsung % Hewlett-Packard Apple 96 40 45 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 2017 2016 2017 2016 Samsung Hewlett-Packard Apple AIDO