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QUESTION
Determine the inventory turnover for Apple and American Greetings. Round to one decimal place. Cost of goods sold: Apple:$23,397,000,000 American...
Determine the inventory turnover for Apple and American Greetings. Round to one decimal place.Cost of goods sold: Apple:$23,397,000,000 American Greetings:809,956,000Inventory, end of year:Apple:455,000,000American Greetings:203,873,000Inventory, beginning of year:Apple:509,000,000American Greetings:216,671,000a. Determine the inventory 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?
