Question
The following data are from the income statements of Haskin Company. 2017 2016 Sales revenue $6,330,000 $6,160,000 Beginning inventory 940,000 885,000 Purchases 4,360,000 4,600,000 Ending
The following data are from the income statements of Haskin Company. 2017 2016 Sales revenue $6,330,000 $6,160,000 Beginning inventory 940,000 885,000 Purchases 4,360,000 4,600,000 Ending inventory 1,020,000 940,000 Incorrect answer. Your answer is incorrect. Try again. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2017 2016 Inventory turnover Entry field with incorrect answer now contains modified data times Entry field with incorrect answer now contains modified data times LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2017 2016 Days in inventory Entry field with incorrect answer now contains modified data days Entry field with incorrect answer now contains modified data days
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