Comparative figures for Apple and Google follow. $ millions Current Year Apple One Year Prior Google...
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Comparative figures for Apple and Google follow. $ millions Current Year Apple One Year Prior Google Inventory Cost of sales $ 4,855 141,048 $ 2,132 131,376 Two Years Prior $ 2,349 140,089 Current One Year Two Years Year $ 749 45,583 $ Prior 268 35,138 Prior $ 491 28,164 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? 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. (Round your answers to 1 decimal place.) Inventory Turnover Current Year One Year Prior Apple Google times times times times < Required 1 Required 2 > Check my work Key figures for Samsung follow. W millions Inventory Cost of sales Current Year W 24,983,355 W129,290,661 One Year Prior Two Years Prior W 18,353,503 W120,277,715 W 18,811,794 W123,482,118 Required: 1. Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. 2. Is Samsung's inventory turnover on a favorable or unfavorable trend? 3. In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) average of 15? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. (Round your answers to 2 decimal places.) (a) Inventory turnover Current Year times One Year Prior times (b) Days' sales in inventory days days < Required 1 Required 2 > Comparative figures for Apple and Google follow. $ millions Current Year Apple One Year Prior Google Inventory Cost of sales $ 4,855 141,048 $ 2,132 131,376 Two Years Prior $ 2,349 140,089 Current One Year Two Years Year $ 749 45,583 $ Prior 268 35,138 Prior $ 491 28,164 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? 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. (Round your answers to 1 decimal place.) Inventory Turnover Current Year One Year Prior Apple Google times times times times < Required 1 Required 2 > Check my work Key figures for Samsung follow. W millions Inventory Cost of sales Current Year W 24,983,355 W129,290,661 One Year Prior Two Years Prior W 18,353,503 W120,277,715 W 18,811,794 W123,482,118 Required: 1. Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. 2. Is Samsung's inventory turnover on a favorable or unfavorable trend? 3. In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) average of 15? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. (Round your answers to 2 decimal places.) (a) Inventory turnover Current Year times One Year Prior times (b) Days' sales in inventory days days < Required 1 Required 2 >
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Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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