Brief Exercise 18-12 a1-a2

The following data were taken from the income statements of Mydorf Company.

		2020			2019
Sales revenue		$6,470,000			$6,220,000
Beginning inventory		920,000			850,000
Purchases		4,422,000			4,583,500
Ending inventory		1,100,000			920,000

Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.)

		2020		2019
Inventory turnover		times		times

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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