Question: $ millions Apple Current Year 1 Year Ago 2 Years Ago Raw materials inventory, ending $ 2 , 1 0 0 $ 1 , 9

$ millions Apple
Current Year 1 Year Ago 2 Years Ago
Raw materials inventory, ending $ 2,100 $ 1,900 $ 2,500
Raw materials used 72,00074,80079,200
$ millions Google
Current Year 1 Year Ago 2 Years Ago
Raw materials inventory, ending $500 $700 $300
raw materials used 420003000027000
Compute the recent two years raw materials inventory turnover ratio for (a) Apple and (b) Google.
Is the current year change in Apples raw materials inventory turnover ratio favorable or unfavorable? Is the current year change in Googles raw materials inventory turnover ratio favorable or unfavorable?
For the current year, does raw materials inventory turnover outperform or underperform the industry (assumed) average of 40 for (a) Apple and (b) Google?

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