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Brief Exercise 13-12 The following data were taken from the income statements of Sandhill Co 2017 2016 Sales revenue Beginning inventory Purchases Ending inventory $6,576,000
Brief Exercise 13-12 The following data were taken from the income statements of Sandhill Co 2017 2016 Sales revenue Beginning inventory Purchases Ending inventory $6,576,000 940,600 4,689,000 1,172,000 $6,286,000 791,400 4,665,000 940,600 Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Inventory turnover times times LINK TO TEXT INTERACTIVE TUTORIAL Compute days in inventory for each year. (Round answers to 0 decimal places, e.g. 124. Use 365 days for calculation.) 2017 2016 Days in inventory days days Click if you would like to Show Work for this question: Open Show Work
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