Comparative figures for Apple and Microsoft 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 15.

Transcribed Image Text:

Apple Microsoft Current One Year Two Years Current One Year Prlor Two Years Prior $ millons Year Prior Year Prior S 2,349 2,111 1764 2,902 2,660 33.038 $1,938 40,089112,258 106,606 27,078 20,385