The following data were taken from recent annual reports of Apple Inc., a manufacturer of personal computers

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The following data 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:

a. Determine the inventor 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 Apple?s? Why?

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Oct 14, 2011 04:47 AM

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The following data were taken from recent annual reports of Apple Inc., a manufacturer of personal computers

Question:

Apple American Greetings Cost of goods sold Inventory, end of year Inventary, beginning of the year $23,397,000,000 $809,956.000 216,671.000 500,000.000

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a Apple 485 23397000000455000000 5090000002 American G...View the full answer

Financial and Managerial Accounting

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