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The following data are from the income statements of Huntsinger Company. 2011 2010 Sales $6,420,000 $6,240,000 Beginning inventory 980,000 860,000 Purchases 4,340,000 4,661,000 Ending inventory
The following data are from the income statements of Huntsinger Company. 2011 2010 Sales $6,420,000 $6,240,000 Beginning inventory 980,000 860,000 Purchases 4,340,000 4,661,000 Ending inventory 1,020,000 980,000 Compute for each year (1) the inventory turnover and (2) the average days to sell the inventory. (Round answers to 1 decimal place, e.g. 10.5. Use rounded answers for future calculations.) 2011 2010 (1) Inventory turnover times times (2) Average days days days
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