Question: 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

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?

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

Step by Step Solution

★★★★★

3.30 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

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

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

52-B-M-A-I (190).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...

The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to over 50 cities in the United States: a. Determine the number of times...

The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...

The following data were taken from recent annual reports of Dell Inc., a vendor of personal computers and related technology products, and Boeing Co., a manufacturer of jet aircraft and aerospace...

The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...

The following data were taken from annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...

Many sciences rely on observation instead of (or in addition to) designed experiments. Compare the data quality issues involved in observational science with those of experimental science and data...

Question 1 [28 marks] 5 marks 5 marks 2 marks 4 marks a. Find the centre and radius of the following circle: x + y-8x +12y = -43. b. Two points A = (1,2) and B = (-4, 10) lie on opposite ends of a...

apples common stock is currently trading at $ 2 3 6 per share. the latest quarterly earnings of apple showed thatt the company earned $ 6 . 1 0 per share in Q 3 , 2 0 2 4 . Most analyst expect this...

A solid dielectric spacer is poorly embedded in a 10mm spaced parallel electrode gap which is to be stressed at 26kV p under standard atmospheric conditions (discharge inception=3.0kV/mm). Due to...

Q2). Given the function below complete the following tasks: y = f(x) = x + x 6 %3D a). Graph the function showing all intercepts, turning points, and state the domain and range b). Graph the...

1) The following table lists the joint probability distribution between recipients of the Nobel prize in economics and the other five prizes, and the citizenship of the recipients, based on the...

P 0.82 11 a baxticle at a cextain instant ik. 4 P, and Q.6-45 wave function of a Aexp P2 is given by pou) = [ denote the. %3D brobabilities ot finding the aaticle in to atda Find the xatio of . the...

Explain the differences between a mutual fund and an ETF.

Is the matching concept related to (a) The cash basis of accounting or (b) The accrual basis of accounting?

Is the cash balance on the unadjusted trial balance the amount that should normally be reported on the balance sheet? Explain.

Is the supplies balance on the unadjusted trial balance the amount that should normally be reported on the balance sheet? Explain.

please answer the question in detail. thanks 1. Mr. X puts money in two investment opportunities. The first investment brings VND 1 million at the end of each year in 5 years. The second opportunity...

Town Crier has 10.0 million shares of common stock outstanding, 2.0 million shares of preferred stock outstanding, and 10.00 thousand bonds. If the common shares are selling for $28.00 per share, the...

Debt: Five thousand bonds with a face value of $1000 and an initial 20-year term were issued five years ago with a coupon rate of 8%. Coupon interests are paid semi-annually. Today these bonds are...