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For the current annual reports of Samsung and Apple, assume they report the following. $ millions Samsung Apple Current Year Prior Year Current Year Prior
For the current annual reports of Samsung and Apple, assume they report the following. $ millions Samsung Apple Current Year Prior Year Current Year Prior Year Raw materials inventory, ending $ 11,500 $ 12,400 $ 2,100 $ 1,900 Raw materials used 63,598 56,575 72,000 74,800 Required: Compute the recent two years' days' sales in raw materials inventory for (a) Samsung and (b) Apple. Is the current year change in Samsung's days' sales in raw materials inventory favorable or unfavorable? Is the current year change in Apple's days' sales in raw materials inventory favorable or unfavorable? For the current year, is Samsung's days' sales in raw materials inventory better or worse than Apple's? (Assume all production needs can be met for both companies.)
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