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VALIMIS The following data (in milions) were taken from recent an reports of Tomato Computer India manufacturer of personal computers and related products, and Happy
VALIMIS The following data (in milions) were taken from recent an reports of Tomato Computer India manufacturer of personal computers and related products, and Happy Times Corporation manufacturer and distributor of greeting cards and related products Tomato Happy Times Cost of merchandise sold $4,125,100 52,049,300 Inventory, end of year 103,000 133,000 Inventory, beginning of the year 63,000 164,000 2. Determine the inventory turnover for Tomato and Happy Times. Round to one decimal place Tomato Happy Times b. Would you expect Happy Times inventory turnover to be higher or lower than Tomato
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