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Key figures for Samsung follow. Current One Year Two Years $ millions Year Prior Prior Inventory $ 22,966 $ 24,870 $ 22,708 Cost of sales
Key figures for Samsung follow. Current One Year Two Years $ millions Year Prior Prior Inventory $ 22,966 $ 24,870 $ 22,708 Cost of sales 126,336 113,598 117,515 Required: 1. For the most recent two years compute Samsung's (a) inventory turnover and (b) days' sales in inventory. 2. Is the change in Samsung's inventory turnover favorable or unfavorable? 3. Did the current-year inventory turnover for Samsung underperform or outperform the industry's average turnover of 15? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For the most recent two years compute Samsung's (a) inventory turnover and (b) days' sales in inventory. (Do not round intermediate calculations. Round your answers to 1 decimal place.) (a) Inventory turnover (b) Days' sales in inventory Current Year times days One Year Prior times days Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Is the change in Samsung's inventory turnover favorable or unfavorable? Is the change in Samsung's inventory turnover favorable or unfavorable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Did the current-year inventory turnover for Samsung underperform or outperform the industry's average turnover of 15? Did the current-year inventory turnover for Samsung underperform or outperform the industry's average turnover of 15?
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