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The following data were taken from the income statements of Skysong, Company. 2027 2026 Net Sales $6,466,000 $6,271,000 Beginning inventory 941,000 849,000 Purchases 5,019,200
The following data were taken from the income statements of Skysong, Company. 2027 2026 Net Sales $6,466,000 $6,271,000 Beginning inventory 941,000 849,000 Purchases 5,019,200 4,119,500 Ending inventory 1,003,000 941,000 (a1) * Your answer is incorrect. Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) Inventory turnover eTextbook and Media Save for Later 2027 10 times 2026 1.1 times Attempts: 2 of 3 used Submit Answer
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