AA 14-2 Comparative Analysis LO A1 For the current annual reports of Apple and Google, assume they report the following. $ millions Raw materials inventory, ending Raw materials used 72,000 Apple Current Year 1 Year Ago $ 2,100 $ 1,900 74,800 2 Years Ago $ 2,500 79,200 Current Year $ 500 42,000 Google 1 Year Ago $ 700 2 Years Ago $ 300 30,000 27,000 Required: 1. Compute the recent two years' raw materials inventory turnover ratio for (a) Apple and (b) Google. 2. Is the current year change in Apple's raw materials inventory turnover ratio favorable or unfavorable? Is the current year change in Google's raw materials inventory turnover ratio favorable or unfavorable? 3. For the current year, does raw materials inventory turnover outperform or underperform the industry (assumed) average of 40 for (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the recent two years' raw materials inventory turnover ratio for (a) Apple and (b) Google. The raw materials inventory turnover ratio: Current year 1 Year Ago Apple Google 36 times per year. 70 times per year. 34 times per year. 60 times per year. < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Is the current year change in Apple's raw materials inventory turnover ratio favorable or unfavorable? Is the current year change in Google's raw materials inventory turnover ratio favorable or unfavorable? The current year changes in raw materials inventory turnover ratio Apple's change in raw materials inventory Google's change in raw materials turnover Required 1. Required 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For the current year, does raw materials inventory turnover outperform or underperform the industry (assumed) average of 40 for (a) Apple and (b) Google? The current years raw materials inventory turnover Apple's turnover Google's turnover the industry's 40. the industry's 40. < Required 2 Required 3