keassignment/takeAssignment Main.do?invokeretakeAssignmentSessionLocator=&inprogress=false YouTube Maps Prada Product De eBock Show Me How 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 Times Corporation, a manufacturer and distributor of greeting cards and related products: Tomato Happy Times Cost of merchandise sold $4,182,700 $2,274,750 Inventory, end of year 94,000 151,000 Inventory, beginning of the year 57.000 186,000 a. Determine the inventory turnover for Tomato and Happy Times. Round to one decimal place Tomato Happy Times . Would you expect Happy Times Inventory tumover to be higher or lower than Tomato"? Lower Cli 1. Divide the cost of goods sold by the average inventory. The average inventory is the total of the beginning and ending inventories divided by two 2. Consider the components involved in this ratio. Generally, the larger the Inventory turnover the more efficiently and effectively the company is managing Inventory Check My Work Previous All work saved Email Instructor Save and Submit Assignment for Grading