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The following data were taken from the financial records of Sandhill Company. 2022 2021 Net sales $6,340,000 $6,110,000 Beginning inventory 980,000 910,000 Purchases 4,871,000 4,889,500
The following data were taken from the financial records of Sandhill Company. 2022 2021 Net sales $6,340,000 $6,110,000 Beginning inventory 980,000 910,000 Purchases 4,871,000 4,889,500 Ending inventory 1,000,000 980,000 Your answer is incorrect. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) Inventory turnover eTextbook and Media Your answer is incorrect. 2022 times 2021 times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) Days in inventory eTextbook and Media 2022 days 2021 days
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