$ millions Raw materials inventory, ending Raw materials used Current Year $ 2,100 72,000 Apple 1 Year Ago $ 1,900 74,800 2 Years Ago $ 2,500 79,200 Google $ 500 42,000 Google 1 Year Ago $ 700 30,000 2 Years Ago $ 300 27,000 Required 1. Compute the recent two years' raw materials inventory turnover ratio for (a) Apple and (b) Google. 2. Is the current year change in Apple's raw materials inventory turnover ratio favorable or unfavorable? Is the current year change in Google's raw materials inventory turnover ratio favorable or unfavorable? 3. For the current year, does raw materials inventory turnover outperform or underperform the industry (assumed) average of 40 for a Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the recent two years' raw materials inventory turnover ratio for (a) Apple and (b) Google. The raw materials inventory turnover ratio: Apple Google Current year 1 Year Ago