Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,855 141, 948 Apple One Year Prior $ 2,132
Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,855 141, 948 Apple One Year Prior $ 2,132 131,376 Two Years Prior $ 2,349 140,089 Current Year $ 749 45,583 Google One Year Prior $ 268 35,138 Two Years Prior $ 491 28,164 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. In the current year, does (a) Apple's and (b) Google's inventory turnover underperform or outperform the industry (assumed) average of 15? 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. (Round your answers to 1 decimal place.) Inventory Turnover Current Year One Year Prior times times times times Apple Google Required 1 Required 2 > Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,855 141,048 Apple One Year Prior $ 2,132 131,376 Two Years Prior $ 2,349 140,089 Current Year $ 749 45,583 Google One Year Prior $ 268 35,138 Two Years Prior $ 491 28,164 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. In the current year, does (a) Apple's and (b) Google's inventory turnover underperform or outperform the industry (assumed) average of 15? 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. (Round your answers to 1 decimal place.) Days' Sales in Inventory Current Year One Year Prior Two Years Prior Apple days days days Google days days days Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,855 141,048 Apple One Year Prior $ 2,132 131,376 Two Years Prior $ 2,349 140,089 Current Year $ 749 45,583 Google One Year Prior $ 268 35, 138 Two Years Prior $ 491 28,164 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. In the current year, does (a) Apple's and (b) Google's inventory turnover underperform or outperform the industry (assumed) average of 15? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 In the current year, does (a) Apple's and (b) Microsoft's inventory turnover underperform or outperform the industry (assumed) average of 15? Inventory Turnover (a) Apple (b) Google
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started