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The following data were taken from the income statements of Imhoff Company. 2014 2013 Sales revenue $6,620,400 $6,186,800 Beginning inventory 960,100 844,500 Purchases 4,756,700 4,647,900

The following data were taken from the income statements of Imhoff Company.
2014 2013
Sales revenue $6,620,400 $6,186,800
Beginning inventory 960,100 844,500
Purchases 4,756,700 4,647,900
Ending inventory 1,141,000 960,100
(a) Compute the inventory turnover for each year.(Round answers to 1 decimal place, e.g. 12.5.)
2014 2013
Inventory turnover times

times

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