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CH7-Homework Show Me How The folowing data in milions) were taken from recent annual reports of Tomato Computer, Inc., a manufacturer of personal computers

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CH7-Homework Show Me How The folowing data in milions) were taken from recent annual reports of Tomato Computer, Inc., a manufacturer of personal computers and related products, and Happy Times Corporation, m stributor of greeting cards and related product Cost of merchandise sold Inventory, end of year Inventory, beginning of the year Tomato Happy Times $6,918,800 $1.006.500 122,000 74,000 146,000 119,000 Determine the inventory turnover for Tumeto and Happy Times Round to one decimal place. Tomato Happy Times 1 Would you expect Happy Times inventory turnever to be higher or lower than Tomato

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