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The following data were taken from the financial records of Mydorf Company. 2022 2021 Net Sales $6,420,000 $6,240,000 Beginning inventory 940,000 860,000 Purchases 4,340,000
The following data were taken from the financial records of Mydorf Company. 2022 2021 Net Sales $6,420,000 $6,240,000 Beginning inventory 940,000 860,000 Purchases 4,340,000 4,661,000 Ending inventory 1,020,000 940,000 2022 2021 (1) Inventory turnover 4.8 times 5.0 times (2) Days in inventory 76 days 73 days (b) What conclusions concerning the management of the inventory can be drawn from these data? B I U T T Ix + !!! + 111 E OWord(s)
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