Calculating Gross Profit and Inventory Turnover The following table presents sales revenue, cost of goods sold, and inventory amounts for three computer/electronics companies, Dell Inc., Hewlett-Packard Company, and Apple Inc. $ millions Fiscal year ending Samsung Electronics Co. Ltd. (S. Korean Won) Dec 31, 2014 Dec. 31, 2013 Dec 31, 2012 Revenues 209,205,987 231,692,667 204,103,613 Cost of goods sold 130,278,800 139,696,309 128,651,931 Inventory 18,817,504 20,634,868 19.247.413 Hewlett-Packard Company (US dollar) Oct. 31, 2014 Oct. 31, 2013 Oct. 31, 2012 Revenues (Products only) 127.245 126,033 114,552 Cost of goods sold 66,167 66,064 57,503 Inventory 6,466 6.128 Apple Inc. (US dollar) Sep. 27, 2014 Sep. 28, 2013 Sep. 29, 2012 Revenues 108,249 65,225 42,905 Cost of goods sold 65,431 40,541 26,683 776 1,051 455 7.490 Inventory 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 % AIDO 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.) (Round your answers to one decimal place.) Inventory Inventory Turnover Turnover AIDO 2014 2013 2014 2013 Samsung Hewlett-Packard Apple