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Computing and Evaluating Inventory and PPE Turnovers
Intel Corporation reports the following financial statement amounts in its 10-K reports.
Cost of
Plant, Property and
$ millions
Sales
Goods Sold
Inventories
Equipment, Net
2016
$97,989
$25,266
$5,553
$36,171
2017
103,556
25,880
6,983
41,109
2018
116,899
30,073
7,253
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).
Inventory turnover
Answer
PPE turnover
b. What changes are evident in the turnover rates of Intel for these years? Inventory turnover AnswerTurnover increased notablyTurnover decreased notablyRatio remained relatively constant
PPE turnover AnswerTurnover increased notablyTurnover decreased notablyRatio remained relatively constant
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