Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10‑K reports. Cost of Plant, Property and $ millions Sales Goods Sold Inventories Equipment, Net 2016 $71,264 $18,376 $5,553 $36,171 2017 75,313 18,822 6,983 41,109 2018 85,018 21,871 7,253 48,976 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).
Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following financial statement amounts in its 10‑K reports. Cost of Plant, Property and $ millions Sales Goods Sold Inventories Equipment, Net 2016 $71,264 $18,376 $5,553 $36,171 2017 75,313 18,822 6,983 41,109 2018 85,018 21,871 7,253 48,976 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).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Computing and Evaluating Inventory and PPE Turnovers
Intel Corporation reports the following financial statement amounts in its 10‑K reports.
| Cost of | Plant, Property and | |||
|---|---|---|---|---|
| $ millions | Sales | Goods Sold | Inventories | Equipment, Net |
| 2016 | $71,264 | $18,376 | $5,553 | $36,171 |
| 2017 | 75,313 | 18,822 | 6,983 | 41,109 |
| 2018 | 85,018 | 21,871 | 7,253 | 48,976 |
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).
| 2017 | 2018 | |
|---|---|---|
| Inventory turnover | Answer | Answer |
| PPE turnover | Answer | Answer |
b. What changes are evident in the turnover rates of Intel for these years?
Inventory turnover Answer
PPE turnover Answer
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