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?

Transcribed Image Text:

American Greetings Apple Cost of goods sold Inventory, end of year Inventory, beginning of the year $13,717,000,000 $826,791,000 165,000,000 230,308,000