Question: Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of $ millions Sales

Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following

Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of $ millions Sales Goods Sold Inventories Plant, Property and Equipment, Net 2016 $53,448 $13,782 $5,553 2017 56,485 14.117 6,983 2018 63,763 16,403 7,253 $36,171 41.109 48,976 a. Compute the inventory and PPE turnover ratios for both 2017 and 2018. Note: Do not round until your final answer. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). Inventory turnover PPE turnover 2017 2018 0 0 0 0 b. What changes are evident in the turnover rates of Intel for these years? Inventory turnover PPE turnover "

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