Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 2015 10-K report.

$ millions Sales Cost of Goods Sold Inventories Plant, Property, and Equipment, Net 2013 . . . . . . . . . . . . . . . . . . $52,708 $21,187 $4,172 $31,428 2014 . . . . . . . . . . . . . . . . . . 55,870 20,261 4,273 33,238 2015 . . . . . . . . . . . . . . . . . . 55,355 20,676 5,167 31,858

a. Compute the inventory and PPE turnover ratios for both 2014 and 2015.

b. What changes are evident in the turnover rates of Intel for these years? Discuss ways in which a company such as Intel can improve inventory and PPE turnover ratios.