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:
                                                                       Apple                                  American Greetings

Cost of goods sold                                  $23,397,000,000                            $809,956,000

Inventory, end of year                              455,000,000                               203,873,000

Inventory, beginning of the year             509,000,000                              216,671,000 

a. Determine the inventory turnover for Apple and American Greetings. Round to two decimal places.
b. Would you expect American Greetings inventory turnover to be higher or lower than Apple's? Why?

Answer rating: 100% (QA)

a Deter mine the inventory turnover for Apple and American G reetings Ro... View the full answer