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The Following Data Were Taken from the Annual Reports of Big

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The following data were taken from the annual reports of Big Bang Inc., a manufacturer of fireworks, and Orange Inc., a manufacturer of computers. The following data were taken from the annual reports of Big Bang Inc., a manufacturer of fireworks, and Orange Inc., a manufacturer of computers.   a) Determine the 1) inventory turnover and 2) number of days' sales in inventory for Big Bang and Orange. Round your answers to two decimal places. b) How would you expect these measures to compare between the companies? Why? a) Determine the 1) inventory turnover and 2) number of days' sales in inventory for Big Bang and Orange. Round your answers to two decimal places.
b) How would you expect these measures to compare between the companies? Why?


Definitions:

Bureau of Labor Statistics

A U.S. government agency that collects, processes, analyzes, and disseminates essential statistical data on labor market activity, working conditions, and price changes in the economy.

Adult Population

The adult population includes all individuals in a specified area or country who are considered legally adults, often aged 18 and over.

Employed Category

A classification for individuals who are currently holding a job or are in employment.

Unemployed Category

A classification used in labor statistics to describe individuals who are not currently employed but are actively seeking employment.

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