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The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales Revenue $6,330,000 $6,100,000 Beginning Inventory 900,000 815,000 Purchases 4,369,000 4,629,750
The following data were taken from the income statements of Mydorf Company.
2020 2019
Sales Revenue $6,330,000 $6,100,000
Beginning Inventory 900,000 815,000
Purchases 4,369,000 4,629,750
Ending inventory 1,090,000 900,000
-Compute for each year the inventory turnover.(Round answers to 1 decimal place, e.g. 1.6.)
-Compute for each year the days in inventory.(Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.)
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