The following data (in millions) were taken from recent annual reports of Tomato Computer, Inc., a manufacturer of personal computers and related products, and Happy Times Corporation, a manufacturer and distributor of greeting cards and related products:   Tomato Happy Times Cost of merchandise sold $4,890,100   $941,700   Inventory, end of year 98,000   98,000   Inventory, beginning of the year 60,000   121,000   a.  Determine the inventory turnover for Tomato and Happy Times. Round to one decimal place. Tomato   Happy Times   b.  Would you expect Happy Times inventory turnover to be higher or lower than Tomato’s?

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Q: Inventory Turnover The following data (in millions) were taken from recent annual reports of Tomato…

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Q: inventory turnover ratio

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