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The following data are from the income statements of Sandhill Company. 2021 2020 Sales revenue $6,478,000 $6,127,000 Beginning inventory 953,200 840,500 Purchases 4,779,000 4,622,000 Ending
The following data are from the income statements of Sandhill Company. 2021 2020 Sales revenue $6,478,000 $6,127,000 Beginning inventory 953,200 840,500 Purchases 4,779,000 4,622,000 Ending inventory 1,180,000 953,200 Calculate the inventory turnover for each year. (Round answers to 1 decimal place, eg. 12.5) Inventory turnover 2021 times 2020 times Calculate the days in inventory for each year. (Round answers to O decimal places, eg. 124. Use 365 days for calculation) Days in inventory 2021 days 2020 days
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