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ing data were taken from the income statements of Sandhill Co.. 2022 2021 Sales revenue Beginning inventory Purchases Ending inventory $6,420,000 940,600 4,689,000 1,172,000 $6,286,000
ing data were taken from the income statements of Sandhill Co.. 2022 2021 Sales revenue Beginning inventory Purchases Ending inventory $6,420,000 940,600 4,689,000 1,172,000 $6,286,000 791,400 4,665,000 940,600 * Your answer is incorrect. Compute the inventory turnover for each year. (Round answers to 1 decimal place, eg. 12.5.) 2022 2021 Inventory turnover 3.1 times 2.7 times e Textbook and Media x Your answer is incorrect. Compute days in inventory for each year. (Round answers to 0 decimal places, e.g. 124. Use 365 days for calculation.) 2022 2021 Days in inventory 125 days 144 days
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