The following data (in millions) were adapted from recent financial statements of HP Inc (HPQ) formerly Hewlett-Packard Company.

1. Compute the accounts receivable turnover for Years 1 and 2. Round to one decimal place.

2. Compute days’ sales in receivables for Years 1 and 2. Round to nearest day.

3. Compute the inventory turnover for Years 1 and 2. Round to one decimal place.

4. Compute days’ sales in inventory for Years 1 and 2. Round to nearest day.

5. Compute the return on sales for Years 1 and 2. Round to one decimal place.

6. Comment on HP’s operations based upon the results in parts (1), (2), (3), (4) and (5).

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Year 2 Year 1 $52,056 42,478 Sales $48,238 39,240 Cost of goods sold Operating income Average accounts receivable Average inventory 3,519 4,264 5,135 3,549 4,470 4,386