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Early in 2022, Coronado Industries switched to a just-in-time inventory system. Its sales and inventory amounts for 2021 and 2022 are shown below. 2021
Early in 2022, Coronado Industries switched to a just-in-time inventory system. Its sales and inventory amounts for 2021 and 2022 are shown below. 2021 2022 Sales revenue $3,420,000 $3,910,000 Cost of goods sold 1,501,500 1,744,000 Beginning inventory 150,000 240,000 Ending inventory 240,000 80,000 (a1) Determine the inventory turnover for 2021 and 2022. (Round answers to 1 decimal place, e.g. 5.1.) Inventory turnover eTextbook and Media List of Accounts 2021 2022
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