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Brief Exercise 13-12 The following data were taken from the income statements of Sheridan Company. 2017 2016 S6,395,000 $6,236,000 851,400 4,826,000 4,602,000 1,182,000 954,600 Sales
Brief Exercise 13-12 The following data were taken from the income statements of Sheridan Company. 2017 2016 S6,395,000 $6,236,000 851,400 4,826,000 4,602,000 1,182,000 954,600 Sales revenue Beginning inventory 954,600 Ending inventory Your answer is incorrect. Try again. Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Inventory turnover 6.0 times 6.9 times LINK TO TEXT swer is incorrect. Try again 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 61 days 53 days Click if you would like to Show Work for this question: how
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