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Brief Exercise 18-12 The following data are from the income statements of Haskin Company. 2017 2016 Sales revenue $6,480,000 $6,110,000 Beginning inventory 985,000 830,000 Purchases

Brief Exercise 18-12 The following data are from the income statements of Haskin Company.
2017 2016
Sales revenue $6,480,000 $6,110,000
Beginning inventory 985,000 830,000
Purchases 4,370,000 4,700,000
Ending inventory 1,030,000 985,000
Compute for each year the inventory turnover.(Round answers to 1 decimal place, e.g. 1.6.)
2017 2016
Inventory turnover times times
LINK TO TEXT
Compute for each year the days in inventory.(Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.)
2017 2016
Days in inventory days

days

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