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Inventory turnover The following data (in millions) were taken from recent annual reports of apple Inc. a manufacturer personal computers and related products and Mattel
Inventory turnover
The following data (in millions) were taken from recent annual reports of apple Inc. a manufacturer personal computers and related products and Mattel INC. a manufacturer of toys including Barbie, Hot wheels, and Disney Classics.
Cost of merchandise sold Apple $163,756, Mattel $2,716. Inventory end year Apple 3,956. Mattel 543. Inventory beginning of the year Apple 4,855. Mattel 601. Determine the inventory turnover for Apple and Mattel . Round to one decimal place.
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CPA Comprehensive Exam Review Auditing And Attestation
Authors: Nathan M. Bisk
43rd Edition
088128095X, 978-0881280951
