Intel Corporation reports the following financial statement amounts in its 10-K reports.$millions Sales Goods Sold Inventories2016 $95,019$24,5012017 100,41825,0962018 113,35729,162Cost ofInventory turnoverPPE turnovera. Compute the inventory and PPE turnover ratios for both 2017 and 2018.Note: Do not round until your final swer.Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555).2017$5,5536,9837,25300Plant, Property andEquipment, Net2018$36,17141,10948,97600

IT stands for inventory turnover is cost of goods sold divided by the average inventory where…

Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of millions Sales Goods Sold Inventories 2016 $95,019 $24,501 2017 100,418 25,096 2018 113,357 29,162 $5,553 6,983 7,253 Plant, Property and Equipment, Net $36,171 41,109 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).

Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of millions Sales Goods Sold Inventories 2016 $95,019 $24,501 2017 100,418 25,096 2018 113,357 29,162 $5,553 6,983 7,253 Plant, Property and Equipment, Net $36,171 41,109 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).

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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