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Early in 2025, Wildhorse Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2024 and 2025 are shown below. 2024 2025
Early in 2025, Wildhorse Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2024 and 2025 are shown below. 2024 2025 Sales revenue $3,270,000 $3,820,000 Cost of goods sold 1,520,000 1,728,000 Beginning inventory 160,000 220,000 Ending inventory 220,000 100,000 (a1) Determine the inventory turnover for 2024 and 2025. (Round answers to 1 decimal place, e.g. 5.1.) Inventory turnover 2024 2025
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