Comparative figures for Apple and Google follow.

AppleGoogle$ millionsCurrent YearOne Year PriorTwo Years PriorCurrent YearOne Year PriorTwo Years PriorInventory$4,855$2,132$2,349$749$268$491Cost of sales141,048131,376140,08945,58335,13828,164

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.In the current year, does (a) Apple's and (b) Google's inventory turnover underperform or outperform the industry (assumed) average of 15?