The following data were taken from annual reports of Apple Computer, 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 year $13,717.000,000 270,000,000 165,000,000 $826,791,000 187,817,000 230,308,000