Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in...

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Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of Plant, Property and $ millions Sales 2016 $59,387 Goods Sold Inventories Equipment, Net $15,313 $5,553 $36,171 2017 62,761 15,685 6,983 41,109 2018 70,848 18,226 7,253 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 3 x 3.07 x 1.95 * 1.89 * Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of Plant, Property and $ millions Sales 2016 $59,387 Goods Sold Inventories Equipment, Net $15,313 $5,553 $36,171 2017 62,761 15,685 6,983 41,109 2018 70,848 18,226 7,253 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 3 x 3.07 x 1.95 * 1.89 *