Determine the inventory turnover for apple, Accounting Basics

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Determine the inventory turnover for apple

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:809,956,000

Inventory, end of year:
Apple:455,000,000
American Greetings:203,873,000

Inventory, beginning of year:
Apple:509,000,000
American Greetings:216,671,000

a. 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?

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Accounting Basics: Determine the inventory turnover for apple

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Accounting Basics: Determine the inventory turnover for apple

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Accounting Basics: Determine the inventory turnover for apple

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Recent Questions Asked Accounting Basics

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