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Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 3,956 163,756 Apple One Year Prior $ 4,855 141,048
Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 3,956 163,756 Apple One Year Prior $ 4,855 141,048 Two Years Prior $ 2,132 131,376 Current Year $ 1,107 59,549 Google One Year Prior $ 749 45,583 Two Years Prior $ 268 35,138 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.) Inventory Turnover Current Year One Year Prior times times times times Apple Google Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 3,956 163, 756 Apple One Year Prior $ 4,855 141,048 Two Years Prior $ 2,132 131,376 Current Year $ 1,107 Google One Year Prior $ 749 45,583 Two Years Prior $ 268 35, 138 59,549 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.) Days' Sales in Inventory One Year Prior days days Current Year days days Apple Google Two Years Prior days days Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 3,956 163,756 Apple One Year Prior $ 4,855 141,048 Two Years Prior $ 2,132 131,376 Current Year $ 1,107 59,549 Google One Year Prior $ 749 45,583 Two Years Prior $ 268 35,138 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 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? Inventory Turnover (a) Apple (b) Google
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