Question
The following data were taken from the financial records of Sunland Company. 2022 2021 Net Sales $6,480,000 $6,250,000 Beginning inventory 1,000,000 850,000 Purchases 4,363,000
The following data were taken from the financial records of Sunland Company. 2022 2021 Net Sales $6,480,000 $6,250,000 Beginning inventory 1,000,000 850,000 Purchases 4,363,000 4,590,000 Ending inventory 1,020,000 1,000,000 (a1) Your answer is incorrect. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) Inventory turnover 2022 times 2021 times
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
