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Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 4,855 141,048 Apple One Year Prior $ 2,132 131,376 Two Years Prior $ 2,349 140,089 Google Current One Year Two Years Year Prior Prior $ 749 $ 268 $ 491 45,583 35,138 28,164 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. In the current year, does (a) Apple's and (b) Google's inventory turnover underperform or outperform the industry (assumed) average of 15? Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. (Round your answers to 1 decimal place.) Inventory Turnover Current Year One Year Prior times times times times Apple Google Required 1 Required 2 Required 3 Compute days' sales in inventory for each company for the three years shown. (Round your answers to 1 decimal place.) Current Year Days' Sales in Inventory One Year Prior days Apple days Two Years Prior days days Google days days Required 1 Required 2 Required 3 In the current year, does (a) Apple's and (b) Microsoft's inventory turnover underperform or outperform the industry (assumed) average of 15? Inventory Turnover (a) Apple (6) Google

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