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*Brief Exercise 18-12 a1-a2 The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory
*Brief Exercise 18-12 a1-a2 The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,340,000 980,000 4,277,000 1,000,000 $6,110,000 910,00O 4,700,500 980,000 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
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