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The following data were taken from the financial records of Cullumber Company. 2022 2021 Net sales $6,450,000 $6,230,000 Beginning inventory 915,000 900,000 Purchases 5,012,500 4,824,750
The following data were taken from the financial records of Cullumber Company. 2022 2021 Net sales $6,450,000 $6,230,000 Beginning inventory 915,000 900,000 Purchases 5,012,500 4,824,750 Ending inventory 1,040,000 915,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2022 2021 Inventory turnover times times e Textbook and Media 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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