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The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $ 6,390,000 $ 6,220,000 Beginning inventory 985,000 830,000 Purchases
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $ 6,390,000 $ 6,220,000 Beginning inventory 985,000 830,000 Purchases 4,358,750 4,692,500 Ending inventory 1,090,000 985,000 (a1) X Your answer is incorrect. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover 4.2 times 5.2 times
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