Question: 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

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 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 *

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