Chapter 7 HMWK eBook Show Me How 3. TMM.07.03 Inventory Turnover 4. TMM.07.04 The following data (in millions) were taken from recent annual reports of Tomato Computer, Inc., a manufacturer of personal computers and related produ and Happy Times Corporation, a manufacturer and distributor of greeting cards and related products: 5. TMM.07.05 - - - - Tomato Happy Times 6. TMM.07.07 Cost of merchandise sold $4,399,200 $1,206,200 7. PE.07.01.ALGO Inventory, end of year 117,000 146,000 Inventory, beginning of the year 71,000 180,000 8. PE.07.02.ALGO a. Determine the inventory turnover for Tomato and Happy Times. Round to one decimal place. 9. PE.07.03.ALGO Tomato 10. PE.07.05.ALGO Happy Times 11. PE.07.08A b. Would you expect Happy Times inventory turnover to be higher or lower than Tomato's? Lower 12. PE.07.08B Feedback 13. EX.07.12.AL 14. EX.07.13.ALGO 15. EX.07.20.ALGO 16. EX.07.21.ALGO 17. PR.07.04A Check My Work Previous Next Progress: 15/17 items