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eBook Show Me How Print tem Inventory Turnover The following data (in millions) were taken from recent annual reports of Tomato Computer, Inc., a
eBook Show Me How Print tem Inventory Turnover The following data (in millions) were taken from recent annual reports of Tomato Computer, Inc., a manufacturer of personal computers and related products, and Happy Times Corporation, a manufacturer and distributor of greeting cards and related products: Tomato Happy Times Cost of merchandise sold Inventory, end of year Inventory, beginning of the year $7,762,500 143,000 87,000 $1,524,900 99,000 122,000 a. Determine the inventory turnover for Tomato and Happy Times. Round to one decimal place. Tomato Happy Times b. Would you expect Happy Times Inventory turnover to be higher or lower than Tomato's?
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