Assignment Problem: 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, including Barbie, Hot Wheels, and Disney Classics:
|
|
Apple
|
Mattel
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|
Cost of merchandise sold
|
$140,089
|
$2,896
|
|
Inventory, end of year
|
2,349
|
588
|
|
Inventory, beginning of the year
|
2,111
|
562
|
Required:
Q1. Determine the inventory turnover for Apple and Mattel.
Q2. Would you expect Mattel's inventory turnover to be higher or lower than Apple's?
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