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The following data (in mitilons) were tiken from fecent acnual reports of Temato Computer, inc, a monutacturer of personal cornputets and related products, and Happy

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The following data (in mitilons) were tiken from fecent acnual reports of Temato Computer, inc, a monutacturer of personal cornputets and related products, and Happy Times Corporation, a manufactures and Gistibutor of areceing cares and rilated products: a. Determilie the inventory tumover for Tomato and Hapoy Times. Roand to one decimal place. b. Would you oxpect rappy Times iniventory turniver to be Nigher se lower than fomatos? fectoct F Cosk yy Wisk 9. Oivide the cont of goots sold by the average ieventory. The overage inventory is the total ef the becinning and ending ioventaries divided by tho. b. Consiaer the componemts impotred in this ratio. Gienerely, the latger the inventory turnover the more afficenty and effectirely the company is maraging inventary

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