Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of $ millions Sales Goods Sold Inventories 2016 $95,019 $24,501 $5,553 2017 100,418 25,096 6,983 2018 113,357 29,162 7,253 a. Compute the inventory and PPE turnover ratios for both 2017 and 2018. Note: Do not round until your final answer. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). Inventory turnover PPE turnover 2017 Inventory turnover PPE turnover Plant, Property and Equipment, Net $36,171 41,109 48,976 2018 b. What changes are evident in the turnover rates of Intel for these years? 4 <
Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of $ millions Sales Goods Sold Inventories 2016 $95,019 $24,501 $5,553 2017 100,418 25,096 6,983 2018 113,357 29,162 7,253 a. Compute the inventory and PPE turnover ratios for both 2017 and 2018. Note: Do not round until your final answer. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). Inventory turnover PPE turnover 2017 Inventory turnover PPE turnover Plant, Property and Equipment, Net $36,171 41,109 48,976 2018 b. What changes are evident in the turnover rates of Intel for these years? 4 <
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 8PEB: Financial statement data for years ending December 31 for Tango Company follow: a. Determine the...
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