The following data (in millions) were taken from recent annual reports of Tomato Computer, Inc, a manufocturer of personal computers and related products, and Hap Times Corporation, a manufacturer and distributor of greeting cards and related products: a. Determine the inventory turnover for Tomato and Happy Times, Round to one decimal place. b. Would you expect Happy Times inventory turnover to be higher of lower than Tomatos? Foedence - Check My Wark a. 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. b. Consider the components involved in this ratio. Generally, the larger the inventory turnover the more efficientiy and effectively the company is atanaging inventory