Question: The following data in thousands were taken from recent annual

The following data (in thousands) were taken from recent annual reports of Apple Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and distributor of greeting cards and related products:

a. Determine the inventory turnover for Apple and American Greetings. Round to one decimal place.
b. Would you expect American Greetings’ inventory turnover to be higher or lower than Apple’s?Why?

  • CreatedFebruary 28, 2014
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