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2GFU Corporation has the following financial data for the years 20XX and 20XY: Sales Cost of goods sold Inventory 20XX $3,472,500 2,546,500 20XY $4,462,500
2GFU Corporation has the following financial data for the years 20XX and 20XY: Sales Cost of goods sold Inventory 20XX $3,472,500 2,546,500 20XY $4,462,500 463,000 3,570,000 595,000 a. Compute inventory turnover based on sales for each year. (Round the final answer to 1 decimal place.) Inventory turnover ratio. 20XX 20XY x x b. Compute inventory turnover based on cost of goods sold for each year. (Round the final answers to 1 decimal pl Inventory turnover ratio 20XX 20XY x c. This part of the question is not part of your Connect assignment.
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