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The following data were taken from the income statements of Tamarisk Company. 2022 2021 Sales revenue $6,397,000 $6,248,000 Beginning inventory 944,000 850,000 Purchases 4,946,000
The following data were taken from the income statements of Tamarisk Company. 2022 2021 Sales revenue $6,397,000 $6,248,000 Beginning inventory 944,000 850,000 Purchases 4,946,000 5,027,500 Ending inventory 1,066,000 944,000 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 Your answer is incorrect. 2022 8.3 times 2021 7.2 times Compute days in inventory for each year. (Round answers to O decimal places, e.g. 124. Use 365 days for calculation.) Days in inventory 2022 4.5 days 2021 5.5 days
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