Question: Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,106 161,782 Apple One Year Prior $ 3,956 163,756

Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,106 161,782 Apple One Year Prior $ 3,956 163,756 Two Years Prior $ 4,855 141,048 Current Year $ 999 71,896 Google One Year Prior $ 1,107 59,549 Two Years Prior $ 749 45,583 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. 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.) Days' Sales in Inventory Current Year One Year Prior Two Years Prior 9.1 days 9.8 days days Apple Google 0.0 days 0.0 days days
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
