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Key figures for Samsung follow. # millions Inventory Cost of sales Current Year # 24,983,355 #129, 290,661 One Year Prior # 18, 353,503 #120,277,715 Two
Key figures for Samsung follow. # millions Inventory Cost of sales Current Year # 24,983,355 #129, 290,661 One Year Prior # 18, 353,503 #120,277,715 Two Years Prior # 18,811,794 #123,482,118 Required: 1. Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. 2. Is Samsung's inventory turnover on a favorable or unfavorable trend? 3. In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) average of 15? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. (Round your answers to 2 decimal places.) Current Year times days One Year Prior times (a) Inventory turnover (b) Days' sales in inventory days
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