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The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000 4,643,250 915,000 Ending inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days days Click if you would like to Show Work for this question: Open Show Work
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