Comparative figures for Apple and Google follow.

Required
1. Compute inventory turnover for each company for the most recent two years shown.
2. Compute days sales in inventory for each company for the three years shown.
3. Comment on and interpret your findings from parts 1 and 2. Assume an industry average for inventory turnover of 40.

Transcribed Image Text:

Apple Google Current One Year Two Years Current One Year Two Years (S millions) Year Prior Prior Year Prior Prior $ 35 13,188 $ 1,764 791$ 776 426 505 Inventory Cost of sales 25,88 20.634 106,606 87,846 64,431