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

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

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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Please do all three requirements
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 Required 1 Required 2 Required 3 Apple Google Complete this question by entering your answers in the tabs below. Current Year Current Year $ 1,107 59,549 days days 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? Compute days' sales in inventory for each company for the three years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. < Required 1 Google One Year Two Years. Days' Sales in Inventory One Year Prior days days Prior < Prev $749 45,583 Two Years Prior days days Required 3 > 7 of 9 Prior H ‒‒‒ $ 268 35,138 Next > Check my work
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 Required 1 Required 2 Required 3 Apple Google Complete this question by entering your answers in the tabs below. Current Year Current Year $ 1,107 59,549 days days 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? Compute days' sales in inventory for each company for the three years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. < Required 1 Google One Year Two Years. Days' Sales in Inventory One Year Prior days days Prior < Prev $749 45,583 Two Years Prior days days Required 3 > 7 of 9 Prior H ‒‒‒ $ 268 35,138 Next > Check my work
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 One Year Prior $ 4,855 $ 2,132 141,048 131,376 Two Years Prior Required 1 Required 2 Required 3 Apple Google Complete this question by entering your answers in the tabs below. 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? 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 times times Current Year $ 1,107 59,549 One Year Prior times times Google One Year Prior $749 45,583 < Required 1 < Prev Required 2 7 of 9 Two Years Prior HH H+ $268 35,138 Next >
Transcribed Image Text: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 One Year Prior $ 4,855 $ 2,132 141,048 131,376 Two Years Prior Required 1 Required 2 Required 3 Apple Google Complete this question by entering your answers in the tabs below. 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? 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 times times Current Year $ 1,107 59,549 One Year Prior times times Google One Year Prior $749 45,583 < Required 1 < Prev Required 2 7 of 9 Two Years Prior HH H+ $268 35,138 Next >
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