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Key figures for Samsung follow. $ millions Inventory Cost of sales Current Year $ 22,966...

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Accounting

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Key figures for Samsung follow. $ millions Inventory Cost of sales Current Year $ 22,966 126,336 One Year Prior $ 24,870 113,598 TWO Years Prior $ 22,708 117,515 Required: 1. For the most recent two years compute Samsung's (a) inventory turnover and (b) days' sales in inventory 2. Is the change in Samsung's inventory turnover favorable or unfavorable? 3. Did the current-year Inventory turnover for Samsung underperform or outperform the industry's average turnover of 157 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For the most recent two years compute Samsung's (a) inventory turnover and (b) days' sales in inventory (Do not round intermediate calculations. Round your answers to 1 decimal place.) Current Year One Year Prior (a) Inventory turnover 5.3 times 4.8 times (b) Days' sales in 61.2 days 56.4 % days inventory Required Required 2 >

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