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 two decimal places.
b. Would you expect American Greetings€™ inventory turnover to be higher or lower than Apple€™s?Why?

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American Greetings $881,771,000 278,807,000 290,804,000 Apple Cost of goods sold Inventory, end of year Inventory, beginning of the year $4,139,000,000 45,000,000 11,000,000