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Do It! Review 6-3b (Part Level Submission) Early in 2017, Bramble Corp. switched to a just-in-time inventory system. Its sales and inventory amounts for 2016
Do It! Review 6-3b (Part Level Submission) Early in 2017, Bramble Corp. switched to a just-in-time inventory system. Its sales and inventory amounts for 2016 and 2017 are shown below. 2016 2017 Sales revenue Cost of goods sold Beginning inventory Ending inventory $2,868,860 1,282,900 156,590 226,920 $3,879,120 1,553,100 226,920 82,890 (a) [ Your answer is correct. Determine the inventory turnover for 2016 and 2017. (Round answers to 1 decimal place, e.g. 5.1.) 2016 2017 Inventory turnover 10.0
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