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Problem - Inventory Turnover

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Problem - Inventory Turnover

The following data (in millions) were taken from recent annual reports of Apple Inc., a manufacturer of personal computers and related products, and Mattel Inc., a manufacturer of toys, including Barbie, Hot Wheels, and Disney Classics:

 

Apple

Mattel

Cost of merchandise sold

$140,089

$2,896

Inventory, end of year

2,349

588

Inventory, beginning of the year

2,111

562

Required -

a. Determine the inventory turnover for Apple and Mattel.

b. Would you expect Mattel's inventory turnover to be higher or lower than Apple's?

Reference no: EM132468198

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