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The following data are from the income statements of Blossom Company. Sales revenue Beginning inventory Purchases Ending inventory 2021 $6,589,000 943,700 4,839,000 1,153,000 2020 $6,182,000
The following data are from the income statements of Blossom Company. Sales revenue Beginning inventory Purchases Ending inventory 2021 $6,589,000 943,700 4,839,000 1,153,000 2020 $6,182,000 854,500 4,609,000 943,700 Calculate the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2021 2020 Inventory turnover times times Calculate the days in inventory for each year. (Round answers to decimal places, e.g. 124. Use 365 days for calculation.) 2021 2020 Days in inventory days days
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