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Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,106 161,782 Apple One Year Prior $ 3,956 163,756
Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,106 161,782 Apple One Year Prior $ 3,956 163,756 Two Years Prior $ 4,855 141,048 Current Year $ 999 71,896 Prior $ 1,107 59,549 Google One Year Two Years Prior $ 749 45,583 Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Apple Google Inventory Turnover Current Year One Year Prior times times times times Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,106 161,782 Apple One Year Prior $ 3,956 163,756 Two Years Prior Current Year $ 4,855 141,048 $ 999 71,896 Prior $ 1,107 59,549 Google One Year Two Years Prior $ 749 45,583 Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute days' sales in inventory for each company for the three years shown. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Apple Google Days' Sales in Inventory Current Year One Year Prior Two Years Prior days days days days days days Comparative figures for Apple and Google follow. 5 millions) Inventory Current Year Cost of sales Current Year $ 4,106 161,782 Apple One Year Prior $ 3,956 163,756 Two Years Prior $ 4,855 141,048 $ 999 71,896 Required: Google One Year Prior $ 1,107 59,549 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. Two Years Prior $ 749 45,583 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? (a) Apple (b) Google Inventory Turnover
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