Question: Comparative figures for Apple and Google follow. Apple Two Years $ millions Inventory Current Year One Year Prior Prior Cost of sales $ 4,106 161,782
Comparative figures for Apple and Google follow. Apple Two Years $ millions Inventory Current Year One Year Prior Prior Cost of sales $ 4,106 161,782 $ 3,956 163,756 $ 4,855 141,848 Required: Google Current Year One Year Prior $ 999 71,896 $ 1,187 59,549 Two Years Prior $ 749 45,583 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. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Apple Google Inventory Turnover Current Year One Year Prior times times times times < Required 1 Required 2 > Comparative figures for Apple and Google follow. Apple Two Years $ millions Inventory Current Year One Year Prior Prior Cost of sales $ 4,186 161,782 $ 3,956 163,756 $ 4,855 141,048 Required: Google Current Year One Year Prior $ 999 71,896 $ 1,107 59,549 Two Years Prior $ 749 45,583 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' soles in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute days' sales in inventory for each company for the three years shown. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Apple Google Days' Sales In Inventory Current Year One Year Prior Two Years Prior days days days days days days < Required 1 Required 3 > Comparative figures for Apple and Google follow. Apple Google Two Years Two Years $ millions Inventory Current Year One Year Prior Cost of sales $ 4,106 161,782 $ 3,956 163,756 Prior $ 4,855 141,048 Current Year One Year Prior $ 999 Prior 71,896 $ 1,187 59,549 $749 45,583 Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' soles in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? (a) Apple (b) Google Inventory Turnover < Required 2 Required 3 >
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