FSA 5-2 Comparative Analysis LO A3 Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 3,956 163,756 Apple One Year Two Years Prior Prior $4,855 $ 2,132 141,048 131,376 Required 1 Required 2 Required 3 Apple Google Complete this question by entering your answers in the tabs below. Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Current Year Current Year $ 1,107 59,549 Compute days' sales in inventory for each company for the three years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. days days Google One Year Two Years Prior Days' Sales in Inventory One Year Prior days days < Required 1 $749 45,583 of Two Years Prior days days Prior $268 35,138 Required 3
FSA 5-2 Comparative Analysis LO A3 Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 3,956 163,756 Apple One Year Two Years Prior Prior $4,855 $ 2,132 141,048 131,376 Required 1 Required 2 Required 3 Apple Google Complete this question by entering your answers in the tabs below. Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Current Year Current Year $ 1,107 59,549 Compute days' sales in inventory for each company for the three years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. days days Google One Year Two Years Prior Days' Sales in Inventory One Year Prior days days < Required 1 $749 45,583 of Two Years Prior days days Prior $268 35,138 Required 3
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 3.9C
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