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The following data were taken from the income statements of Sandhill Co.. 2022 2021 Sales revenue $6,414,000 $6,202,000 Beginning inventory 963,300 821,500 Purchases 4,679,160 4,693,040
The following data were taken from the income statements of Sandhill Co..
2022 2021 Sales revenue $6,414,000 $6,202,000 Beginning inventory 963,300 821,500 Purchases 4,679,160 4,693,040 Ending inventory 1,101,000 963,300 (a) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.)
2022 2021 Inventory turnover enter inventory turnover in times rounded to 1 decimal place times enter inventory turnover in times rounded to 1 decimal place times
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