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For the current annual reports of Samsung and Apple, assume they report the following. $ millions Raw materials inventory, ending Raw materials used Samsung Current
For the current annual reports of Samsung and Apple, assume they report the following. $ millions Raw materials inventory, ending Raw materials used Samsung Current Year Prior Year $ 11,500 $ 12,400 63,598 56,575 Apple Current Year Prior Year $ 2,100 $ 1,900 72,000 74,800 Required: 1. Compute the recent two years' days' sales in raw materials inventory for (a) Samsung and (b) Apple. 2. 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? 3. 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.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the recent two years' days' sales in raw materials inventory for (a) Samsung and (b) Apple. (Round final answers to the nearest whole number.) Current year Prior year 1-a. Samsung's days' sales in raw materials inventory 1-b. Apple's days' sales in raw materials inventory Required 1 Required 2 >
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