Question: FSA 5-3 Global Analysis LO A3 Key figures for Samsung follow. millions Current Year One Year Prior Two Years Prior Inventory 28,984,704 24,983,355 18,353,503 Cost

FSA 5-3 Global Analysis LO A3

Key figures for Samsung follow.

millions Current Year One Year Prior Two Years Prior
Inventory 28,984,704 24,983,355 18,353,503
Cost of sales 132,394,411 129,290,661 120,277,715

Required: 1. For the most recent two years compute Samsungs (a) inventory turnover and (b) days sales in inventory. 2. Is the change in Samsungs inventory turnover favorable or unfavorable? 3. Did the current-year inventory turnover for Samsung underperform or outperform the industry's average turnover of 15?

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