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Do It! Review 6-03b a1-a2 Early in 2022, Swifty Corporation switched to a just-in-time inventory system. Its sales and inventory amounts for 2021 and 2022
Do It! Review 6-03b a1-a2 Early in 2022, Swifty Corporation switched to a just-in-time inventory system. Its sales and inventory amounts for 2021 and 2022 are shown below. Sales revenue Cost of goods sold Beginning inventory Ending inventory 2021 $3,480,000 1,619,500 165,000 245,000 2022 $3,980,000 1,624,750 245,000 90,000 Your answer is correct. Determine the inventory turnover for 2021 and 2022. (Round answers to 1 decimal place, e.g. 5.1.) 2021 2022 9.7 Inventory turnover 7.97 SHOW LIST OF ACCOUNTS LINK TO TEXT [x]Your answer is incorrect. Try again. Determine the days in inventory for 2021 and 2022. (Round answers to 1 decimal place, e.g. 5.1.) 2021 2022 Days in inventory Days in inventory days 45 3 days days
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