The following data (in thousands) were taken from recent annual reports of Apple Inc., a manufacturer of

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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:

Apple American Greetings

Cost of goods sold $39,541,000 $682,368

Inventory, end of year 1,051,000 179,730

Inventory, beginning of the year 455,000 163,956

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

Apples? Why?

Posted Date: May 17, 2024 01:01 PM

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