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The following data were taken from recent annual reports of

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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 distributor of greeting cards and related products:

  • cost of goods sold $13,717,000,000 $826,791,000
  • inventory, end of year 270,000,000 187,817,000
  • inventory, beginning of year 165,000,000 230,308,000

a. Determine the inventory turnover for Apple and American Greetings. Round to one decimal place

Reference no: EM13597371

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