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 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 Cost of goods sold Inventory, end of year Inventory, beginning of the year $9,888,000,000 165,000,000 101,000,000 American Greetings $905,201,000 222,874,000 246,171,000