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

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