Inventory Turnover The following data (in millions) were taken from recent annual reports of Apple Inc., a manufacturer of personal computers and related products, and Mattel Inc., a manufacturer of toys, including Barbie, Hot Wheels, and Disney Classics: Cost of merchandise sold Inventory, end of year Inventory, beginning of the year Apple $163,756 Mattel $2,716 3,956 543 4,855 601 a. Determine the inventory turnover for Apple and Mattel. Round to one decimal place. Apple Mattel b. Would you expect Mattel's inventory turnover to be higher or lower than Apple's? Lower