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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,
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 $4,288,600 $1,961,000 Inventory, end of year 102,000 95,000 Inventory, beginning of the year 62,000 117,000 a. Determine the inventory turnover for Tomato and Happy Times. Round
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