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The following data (in millions) were taken from recent annual reports of Apple Inc., a...

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Accounting

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

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

Apple
Mattel

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Ch 07 - Homework Show Me How 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, induding Barbie, Hot Wheels@, and Disney Classics: Mattel 140,089 $2,896 Cost of merchandise sold Inventory, end of year Inventory, beginning of the year a. Determine the inventory turnover for Apple and Mattel. Round to one decimal place. Apple 2,349 588 2,111 562 b. Would you expect Mattel's inventory turnover to be higher or lower than Apple's? Lower Feedback Check My Work Previous Next

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