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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 Google Apple One Year Two Years Prior Prior $4,855 $ 2,132 131,376 141,048 Complete this question by entering your answers in the tabs below. Inventory Turnover 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? Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. times times Current Year $ 1,107 59,549 Google One Year One Year Prior times times Prior $ 749 45,583 Required 1 Two Years Prior Required 2 > $268 35,138

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 Google Apple One Year Two Years Prior Prior $4,855 $ 2,132 131,376 141,048 Complete this question by entering your answers in the tabs below. Inventory Turnover 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? Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. times times Current Year $ 1,107 59,549 Google One Year One Year Prior times times Prior $ 749 45,583 Required 1 Two Years Prior Required 2 > $268 35,138

FINANCIAL ACCOUNTING
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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FSA 5-2 Comparative Analysis LO A3 Comparative figures for Apple and Google follow. Apple One Year Two Years Prior Prior $4,855 $ 2,132 141,048 131,376 $ millions Inventory Cost of sales. Current Year $3,956 163,756 Apple Google 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. Inventory Turnover Current Year Current Year $ 1,107 59,549 times times Google One Year Prior $ 749 45,583 One Year Prior times times Required 1 Two Years Prior $ 268 35,138 Required 2 >
Transcribed Image Text:FSA 5-2 Comparative Analysis LO A3 Comparative figures for Apple and Google follow. Apple One Year Two Years Prior Prior $4,855 $ 2,132 141,048 131,376 $ millions Inventory Cost of sales. Current Year $3,956 163,756 Apple Google 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. Inventory Turnover Current Year Current Year $ 1,107 59,549 times times Google One Year Prior $ 749 45,583 One Year Prior times times Required 1 Two Years Prior $ 268 35,138 Required 2 >
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