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that's the question it has asked me to solve. I don't know where to start! I'll have to look when I get home, for all
that's the question it has asked me to solve. I don't know where to start!
I'll have to look when I get home, for all I can tell that's the question. that's why I was getting frustrated.
what's the answer to #1 and #2?
14. PR. 05.05 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 2015 and 2014 (in millions of dollars) Cost of sales for the year ended: September 26, 2015 $140,089 September 27, 2014 112,258 Inventories: September 26, 2015 2,349 September 27, 2014 2,111 September 29, 2013 1,764 The following information is from the financial statements included in Form 10-K for fiscal years 2015 and 2014 for Hewlett-Packard Company (in millions of dollars): Cost of sales for the year ended: October 31, 2015 $53,081 October 31, 2014 56,469 Inventory: October 31, 2015 6,485 October 31, 2014 6,415 October 31, 2013 6,046 Use 360 days a year. Required: 1. Calculate the inventory turnover ratios for Apple Inc. and Hewlett-Packard Company for the years ending September 26, 2015 and October 31, 2015, respectively. If required, round your answers to one decimal place. times Apple Inc.: Hewlett-Packard: times 2. Which company appears to be performing better? 3. Assume Company A has an inventory turnover ratio of 52.8 times and Company B has inventory turnover ratio of 12.6. Based on this information, which of the following statement is correctStep by Step Solution
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