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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Cost of goods sold Average inventory 2020 2021 2022 $923,550 $980,640 126,290 Inventory Turnover 7.3 2021 6.3 5.3 156,510 2022 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell invento (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, e.g. 13.6., $1,149,910 $1,329,510 208,410 Number of Days 2023 321,820 days days days 2024 $1,408,530 451,860
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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for prepaid cell phones for May are as follows: Inventory Purchases Sales May 1 4,200 units at $40 May 10 2,100 units at $42 May 12 2,940 units May 20 1,890 units at $44 May 14 2,520 units May 31 1,260 units Assume that the business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold FIFO Method Prepaid Cell Phones Date Purchases Quantity Purchases Unit Cost Purchases Total Cost Cost of Merchandise Sold Quantity Cost of Merchandise Sold Unit Cost Cost of…
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Please only answer parts a+b