Question: Comparative figures for Apple and Google follow. $ millions Inventory Current Year Cost of sales $ 3,956 163,756 Apple One Year Prior $ 4,855 141,048

Comparative figures for Apple and Google follow. $ millions Inventory Current Year Cost of sales $ 3,956 163,756 Apple One Year Prior $ 4,855 141,048 Two Years Prior $ 2,132 131,376 Current Google One Year Two Years Year $ 1,107 59,549 Prior $ 749 Prior $ 268 45,583 35,138 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? Answer is not complete. 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 Apple Google 9.8 days 9.0 5.7 days One Year Prior days 4.1 days Two Years Prior days days

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