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2022 2021 Net sales $6,450,000 $6,230,000 Beginning inventory 915,000 900,000 Purchases 5,012,500 4,824,750 Ending inventory 1,040,000 915,000 (a1) Your answer is incorrect. Compute for
2022 2021 Net sales $6,450,000 $6,230,000 Beginning inventory 915,000 900,000 Purchases 5,012,500 4,824,750 Ending inventory 1,040,000 915,000 (a1) Your answer is incorrect. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) Inventory turnover 2022 times 2021 times
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Accounting Principles
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
IFRS global edition
1-119-41959-4, 470534796, 9780470534793, 9781119419594 , 978-1119419617
