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eBook Show Me How The following data (in millions) were taken from recent annual reports of Tomato Computer, Inc., a manufacturer of personal computers and

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eBook Show Me How 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 $1,447,200 $5,946,600 Cost of merchandise sold Inventory, end of year 127,000 120,000 Inventory, beginning of the year 77,000 148,000 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? Lower

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