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Comparative figures for Apple and Google follow. $ millions Inventory Current Year Apple One Year Prior Two Years Prior Current Year Cost of sales $
Comparative figures for Apple and Google follow. $ millions Inventory Current Year Apple One Year Prior Two Years Prior Current Year Cost of sales $ 3,956 163,756 $ 4,855 $ 2,132 $ 1,107 141,048 131,376 59,549 Required: Google One Year Two Years, Prior $ 749 45,583 Prior $ 268 35,138 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) 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 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 < Required 1 Required 3 > 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 < Required 2 Required 3
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