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nventory Turnover and Days' Sales in Inventory Shown below are data from the Northern Company's accounting records: Year 1 Year 2 Sales Revenue $13,000,000 $14,000,000
nventory Turnover and Days' Sales in Inventory Shown below are data from the Northern Company's accounting records: Year 1 Year 2 Sales Revenue $13,000,000 $14,000,000 Cost of Goods Sold 7,000,000 7,900,000 Beginning Inventory 700,000 730,000 Ending Inventory 730,000 800,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round your answer to two decimal points. Year 1 Year 2 Inventory turnover Answer 0 Answer 0 Days' sales in inventory Answer 0 Answer 0
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