(Answered) Pblem - millionsfiscal year endingdell incjan30

Accounting

Problem -

$ millions	Fiscal year ending
Dell Inc.	Jan.30, 2009	Feb.1,2008	Feb.2, 2007
Revenues	$61,101	$61,133	$57,420
Cost of goods sold	50,144	49,462	47,904
Inventory	867	1,180	660
Hewlett-Packard Company	Oct.31, 2008	Oct. 31, 2007	Oct.31, 2006
Revenues (Products only)	$91,697	$84,229	$73,557
Cost of goods sold	69,342	63,435	55,248
Inventory	7,879	8,033	7,750
Apple Inc.	Sep.27,2008	Sep.29, 2007	Sep.30, 2006
Revenues	$32,479	$24,006	$19,315
Cost of goods sold	21,334	15,852	13,717
Inventory	509	346	270

Required -

a. Compute the gross profit margin (GPM) for each of these companies for fiscal years 2008, 2007, and 2006.

b. Compute the inventory turnover ratios for fiscal years 2008 and 2007. (All three firms use FIFO inventory costing.)

c. What factors might determine the differences amoung these three companies' ratios?

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