Making Business Decisions: Analyzing Apple's Inventory Turnover Ratio You are considering an investment in the common stock of Apple Inc. The following information is from the financial statements included in Form 10-K for fiscal years 2014 and 2013 (in millions of dollars): Cost of sales for the year ended: September 27, 2014 $112,258 September 28, 2013 106,606 Inventories: September 27, 2014 2,111 September 28, 2013 1,764 September 29, 2012 791 The following information is from the financial statements included in Form 10-K for fiscal years 2014 and 2013 for Hewlett- Packard Company (in millions of dollars): Cost of sales for the year ended: October 31, 2014 $56,469 October 31, 2013 55,632 Inventory: October 31, 2014 6,415 October 31, 2013 6,046 October 31, 2012 6,317 Use 360 days a year. Required: 1. Calculate the inventory turnover ratios for Apple Inc. and Hewlett-Packard Company for the years ending September 27, 2014 and October 31, 2014, respectively. If required, round your answers to one decimal place. Apple Inc.: 93.8 X times Hewlett-Packard: 5.96 X times