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?

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Apple American Greetings Cost of goods sold Inventory, end of year Inventory, beginning of the year $39,541,000 1,051,000 455,000 $682,368 179,730 163,956