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The financial data for Ivanhoe's Fresh Fruits Incorporated and Oriole's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Sold
The financial data for Ivanhoe's Fresh Fruits Incorporated and Oriole's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Sold Inventory Dec. 31 Inventory Jan 1 Ivanhoe's Fresh Fruits $10,776,750 $755,300 $681.600 Oriole's Supermarket 49.900,005 5,095,500 1,027,200 (a) Calculate the inventory turnover for each company. (Round answers to 1 decimal place, eg. 18.4) Ivanhoe's Fresh Fruits: Oriole's Supermarket times times Inventory turnover
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