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Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of $ millions Sales
Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of $ millions Sales Goods Sold Inventories Plant, Property and 2016 $56,418 $14,547 $5,553 2017 59,623 14,901 6,983 2018 67,306 17,315 7,253 Equipment, Net $36,171 41,109 48,976 a. Compute the inventory and PPE turnover ratios for both 2017 and 2018. Note: Do not round until your final answer. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). Inventory turnover PPE turnover 2017 2018 0 0 0 0 b. What changes are evident in the turnover rates of Intel for these years? Inventory turnover PPE turnover
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