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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 $6,300,000 860,000 4,650,000 960,000 $6,340,000 960,000 4,311,000 1,050,000 Your answer is partially correct. Try again. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.,) 2020 2019 Inventory turnover 4.2 4.15 times times LINK TO TEXT Your answer is partially correct. Try again 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 87 days days Click if you would like to Show Work for this question: Open blank Show Work Copy Show W VI LINK TO TEXT
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