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Brief Exercise 14-12 a1-a2 The following data were taken from the income statements of Mydorf Company. 2020 Sales revenue Beginning inventory Purchases Ending inventory $6,300,000
Brief Exercise 14-12 a1-a2 The following data were taken from the income statements of Mydorf Company. 2020 Sales revenue Beginning inventory Purchases Ending inventory $6,300,000 900,000 4,280,000 1,000,000 2019 $6,100,000 810,000 4,621,500 900,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days days Click if you would like to Show Work for this question: Open Show Work
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