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The following data were taken from the income statements of Crane Company. Sales revenue Beginning inventory Purchases Ending inventory 2020 $6,375,000 931,000 4,612,000 1,061,000 2019
The following data were taken from the income statements of Crane Company. Sales revenue Beginning inventory Purchases Ending inventory 2020 $6,375,000 931,000 4,612,000 1,061,000 2019 $6,238,000 843,000 4,966,500 931,000 Your answer is incorrect. Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2020 2019 Inventory turnover times times e Textbook and Media Your answer is incorrect. Compute days in inventory for each year. (Round answers to O decimal places, e.g. 124. Use 365 days for calculation.) 2020 2019 Days in inventory days days
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