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2GFU Corporation has the following financial data for the years 20XX and 20XY: Sales Cost of goods sold Inventory 20xx $3,500,000 2,500,000 250,000 20xY $4,200,000

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2GFU Corporation has the following financial data for the years 20XX and 20XY: Sales Cost of goods sold Inventory 20xx $3,500,000 2,500,000 250,000 20xY $4,200,000 3,500,000 300,000 a. Compute inventory turnover based on sales for each year. es Inventory turnover ratio 20xx 20xY X b. Compute inventory turnover based on cost of goods sold for each year. (Round the final answers to 1 decimal place.) Inventory turnover ratio 2exx 2OXY X c. Not available in connect

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