Comparative figures for Apple and Google follow.AppleOne YearPrior$ 3,956163,756$ millionsInventoryCost of salesCurrent Year$ 4,106161,782AppleGoogleInventory TurnoverRequired: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) Appleand (b) Google?Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3Compute 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.Current YearTwo YearsPrior$ 4,855141,048timestimesCurrentYear$ 99971,896One Year PriortimestimesRequired 1GoogleOne YearPrior$ 1,10759,549Required 2 >Two YearsPrior$ 74945,583Check

Comparative figures for Apple and Google follow. Apple One Year Prior $ millions Inventory Cost of sales Current Year $ 4,106 161,782 Apple Google $ 3,956 163,756 Complete this question by entering your answers in the tabs below. Two Years Prior $ 4,855 141,048 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? Inventory Turnover Current Year 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 $ 999 71,896 Google One Year Prior $ 1,107 59,549 One Year Prior times times Ad Two Years Prior $ 749 45,583

Comparative figures for Apple and Google follow. Apple One Year Prior $ millions Inventory Cost of sales Current Year $ 4,106 161,782 Apple Google $ 3,956 163,756 Complete this question by entering your answers in the tabs below. Two Years Prior $ 4,855 141,048 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? Inventory Turnover Current Year 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 $ 999 71,896 Google One Year Prior $ 1,107 59,549 One Year Prior times times Ad Two Years Prior $ 749 45,583

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 67P

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