he following data (in millions) were taken from recent annual reports of Apple Inc., a manufacturer of ersonal computers and related products, and Mattel Inc., a manufacturer of toys, including Barbie®, Hot Wheels®, and Disney Classics: Apple Mattel Cost of merchandise sold $163,756 $2,716 3,956 543 Inventory, end of year Inventory, beginning of the year 4,855 601 a. Determine the inventory turnover for Apple and Mattel. Round to one decimal place. b. Would you expect Mattel's inventory turnover to be higher or lower than Apple's? Why?

he following data (in millions) were taken from recent annual reports of Apple Inc., a manufacturer of ersonal computers and related products, and Mattel Inc., a manufacturer of toys, including Barbie®, Hot Wheels®, and Disney Classics: Apple Mattel Cost of merchandise sold $163,756 $2,716 3,956 543 Inventory, end of year Inventory, beginning of the year 4,855 601 a. Determine the inventory turnover for Apple and Mattel. Round to one decimal place. b. Would you expect Mattel's inventory turnover to be higher or lower than Apple's? Why?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement

Section: Chapter Questions

Problem 13E

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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. b. Would you expect Mattel's inventory turnover to be higher or lower than Apple's? Why?
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