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question b please! 1) The following data (in thousands) were taken from recent annual reports of Apple Inc., a manufacturer of personal computers and related
question b please!
1) The following data (in thousands) were taken from recent annual reports of Apple Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and distributor of greeting cards and related products. Apple American Greetings Cost of goods sold Inventory, end of year Inventory, Jan. 1 $87,846,000 791,000 776,000 $741,645 208,945 179,730 a) Determine the inventory turnover for Apple and American Greetings. Round to one decimal place Apple: 112.12 American Greetings: 3.82 b) Would you expect American Greetings, inventory turnover to be higher or lower than Apple's? why? Lower because Step by Step Solution
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