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For Apple s current annual report, assume it reports the following for raw materials. $ millions Current Year 1 Year Ago 2 Years Ago Raw
For Apples current annual report, assume it reports the following for raw materials.
$ millions Current Year Year Ago Years Ago
Raw materials inventory, ending $ $ $
Raw materials used
Required:
Compute Apples raw materials inventory turnover ratio for the most recent two years.
Is the current year change in Apple's raw materials inventory turnover ratio favorable or unfavorable?
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