Question: The following data were taken from annual reports of Apple

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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  • CreatedSeptember 15, 2015
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