Question
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
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 $39,541,000 $682,368
Inventory, end of year 1,051,000 179,730
Inventory, beginning of the year 455,000 163,956
a. Determine the inventory turnover for Apple and American Greetings. Round to one
decimal place.
b. Would you expect American Greetings inventory turnover to be higher or lower than
Apples? Why?
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