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 2017 2016 2015 239,575,376 201,866,745 200,653,482 129,290,661 120,277,715 123,482,118 24,983,355 18,353,503 18,811,794 2017 2016 2015 52,056 Samsung Electronics Co. Ltd. (S. Korean won) Revenues Cost of goods sold Inventory Hewlett-Packard Company (US dollar) Revenues (Products only) Cost of goods sold Inventory Apple Inc. (US dollar) Revenues Cost of goods sold Inventory 58,472 47,803 6,062 42,478 5,786 48,238 39,240 4,484 2017 2016 2015 265,395 229,234 163,756 141,048 215,639 131,376 2,132 3,956 4,855 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 2017 Inventory Turnover 2016 AIDO 2017 AIDO 2016 0 0 0 0 Samsung Hewlett-Packard 0 0 0 0 Apple 0 0 0 0 Check