The following data were taken from recent annual reports of Apple Inc., a manufacturer of personal computers

Question:

The following data 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 inventor 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?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

See More Books

Question Posted: Oct 14, 2011 04:47 AM

See More Questions

The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...
The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to over 50 cities in the United States: a. Determine the number of times...
The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...
1 of 4 Set 1 UIBS United International Business Schools Class Work Mergers and Acquisitions 1. Rudy's, Inc. and Blackstone, Inc. are all-equity firms. Rudy's has 1,500 shares outstanding at al market...
Point out two similarities and two differences in between mitosis and meiosis. State three benefit of genetic variation which result from meiosis. Which benefit is most significant? Explain.
Find the annual effective cost rate for a loan of S/1000.00 that charges a TEA of 40%, for one year. Also charged, at the time of disbursement, is a commission of 0.5% of the loan and 1.5% of the...
Approximately how long does it take to quadruple an investment of $$1,000$ when the interest rate is 15% per year?
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Sold equipment with a book value of $65,000 for $83,000. b....
Question 4 (8 Marks): For this question, your first task is to study the famous "Distance Vector (DV) Routing Algorithm" used at the network layer. You may refer to some slides I recently posted on...
A Pew Internet Research study (April 2018) reported that 20% of US adults are now smartphone only Internet users at homethat is, they own a smartphone but do not subscribe to traditional broadband...
During 2012, the accountant discovered that the physical inventory at the end of 2011 had been understated by $18,000. Instead of correcting the error, however, the accountant assumed that an $18,000...
Kroger, Safeway Inc., and Winn-Dixie Stores Inc. are three grocery chains in the United States. Inventory management is an important aspect of the grocery retail business. Recent balance sheets for...
If the market rate of interest in BE3-34 were 10%, would you choose the same option? In BE3-34 As CFO of a small manufacturing firm, you have been asked to determine the best financing for the...
For each of the following pairs of products, briefly explain which pairs are complements, which are substitutes, and which are unrelated. a. New cars and used cars b. Houses and washing machines c....
International trade benefits countries by increasing total production and the quantity of goods and services available to consumers. However, not everyone wins. While trade creates new jobs for firms...
Solve the linear system $\mathbf{A x}=\mathbf{b}$ by using a. The inverse of the coefficient matrix. b. 1 The "\" operator in MATLAB. \(\mathbf{A}=\left[\begin{array}{cccc}2 & 2 & 0 & 0 \\...
Solve the linear system $\mathbf{A x}=\mathbf{b}$ by using a. The inverse of the coefficient matrix. b. 1 The "\" operator in MATLAB. \(\mathbf{A}=\left[\begin{array}{ccc}a-1 & 2 a+1 & -1 \\ 1 & -2...
Maude Designs manufactures various picture frames. Each new employee takes 6 hours to make the first picture frame and 4.8 hours to make the second. The manufacturing overhead charge per hour is $25....
a. How does a cash CDO differ from a synthetic CDO? b. What is the advantage of a synthetic $\mathrm{CDO}$ over a cash CDO for a bank that wants to use this structure for balance sheet management?
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
Explain the differences between a mutual fund and an ETF.
Is the matching concept related to (a) The cash basis of accounting or (b) The accrual basis of accounting?
Is the cash balance on the unadjusted trial balance the amount that should normally be reported on the balance sheet? Explain.
Is the supplies balance on the unadjusted trial balance the amount that should normally be reported on the balance sheet? Explain.
The Acme Rocket Car Company has a $9000 note due in 5 years. How much should be deposited at the end of each quarter in a sinking fund to pay off the note if the interest rate is 6.3%.
If you put $100 per month in account earning 3% annual interest, compounded monthly for 10 years, how much can you withdraw from that account each month for the next year?
Solve for X X x= 22 33 33 -22

The following data were taken from recent annual reports of Apple Inc., a manufacturer of personal computers

Question:

Apple American Greetings Cost of goods sold Inventory, end of year Inventary, beginning of the year $23,397,000,000 $809,956.000 216,671.000 500,000.000

Step by Step Answer:

a Apple 485 23397000000455000000 5090000002 American G...View the full answer

Financial and Managerial Accounting

Related Video

Students also viewed these Managerial Accounting questions