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The following data were taken from the financial records of Pharoah Company. 2022 2021 Net sales $6,340,000 $6,300.000 Beginning inventory 960,000 860,000 Purchases 5,115,000 5,014,000

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The following data were taken from the financial records of Pharoah Company. 2022 2021 Net sales $6,340,000 $6,300.000 Beginning inventory 960,000 860,000 Purchases 5,115,000 5,014,000 Ending inventory 1,050,000 960,000 4 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2022 2021 Inventory turnover times times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2022 2021 Days in inventory days days

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