Question
Brief Exercise 13-12 (Part Level Submission) The following data were taken from the income statements of Carla Vista Co.. 2017 2016 Sales revenue $6,505,000 $6,162,000
Brief Exercise 13-12 (Part Level Submission) The following data were taken from the income statements of Carla Vista Co.. 2017 2016 Sales revenue $6,505,000 $6,162,000 Beginning inventory 941,700 803,700 Purchases 4,658,000 4,603,000 Ending inventory 1,192,000 941,700 Collapse question part (a) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Inventory turnover Enter inventory turnover in times rounded to 1 decimal placeEnter inventory turnover in times rounded to 1 decimal place times Enter inventory turnover in times rounded to 1 decimal placeEnter inventory turnover in times rounded to 1 decimal place times
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