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Brief Exercise 13-12 a-b1 (Part Level Submission) The following data were taken from the income statements of Ivanhoe Company. 2021 Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 969,500 4,842,000 1,194,000 $6,128,000 836,800 4,608,000 969,500 X Your answer is incorrect. Try again. Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 Inventory turnover 2021 5.0 times 4.3|| times Click if you would like to Show Work for this question: Open Show Work (61) Policy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Step 1336, 800 + 4,608,000 - = 44.75300 969, 500 2 8361800+969, Soolz = 903/50 3) 4475300% 903, / so > 4.9 55212372 -s.o stepla z 1969, 500 + 1, 194,000.0% 2 =1081750 46.17500% 1081750 = 4.3 1, 194,000 1969, Soo + 4,842,000 4617500