Comparative figures for Apple and Google follow. Apple Current Year One Year Prior $ 4,106 $ 3,956 161,782 163,756 $ millions Inventory Cost of goods sold Apple Google Complete this question by entering your answers in the tabs below. Inventory Turnover Two Years Prior $ 4,855 141,048 Current Year 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? times times Current Year One Year Prior $ 1,107 59,549 $.999 71,896 Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. (Do not round intermediate calculatio Round your answers to 1 decimal place.) One Year Prior times times Respalier Google Two Years Prior Required 2 > $749 45,583

Comparative figures for Apple and Google follow. Apple Current Year One Year Prior $ 4,106 $ 3,956 161,782 163,756 $ millions Inventory Cost of goods sold Apple Google Complete this question by entering your answers in the tabs below. Inventory Turnover Two Years Prior $ 4,855 141,048 Current Year 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? times times Current Year One Year Prior $ 1,107 59,549 $.999 71,896 Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. (Do not round intermediate calculatio Round your answers to 1 decimal place.) One Year Prior times times Respalier Google Two Years Prior Required 2 > $749 45,583

Name: dedMComparative figures for Apple and Google follow.$ millionsInvento
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Description: dedMComparative figures for Apple and Google follow.$ millionsInventoryCost of goods soldAppleCurrent Year One Year Prior$ 4,106$ 3,956161,782163,756AppleGoogleTwo YearsPriorComplete this question by entering your answers in the tabs below.Inventory

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please only answer parts a+b
View Policies Current Attempt in Progress The following data were taken from the financial records of Blossom Company. Net sales Beginning inventory Purchases Ending inventory Inventory turnover 2022 $6,310,000 Days in inventory 970,000 4,994,500 eTextbook and Media 1,040,000 2021 $6,120,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2022 2022 910,000 4,948,000 970,000 times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2021 days times 2021 days