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