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The following data were taken from the income statements of Pharoah Company. Sales revenue Beginning inventory Purchases Ending inventory 2020 $6,380,000 934,000 4,858,800 1,074,000 2019
The following data were taken from the income statements of Pharoah Company. Sales revenue Beginning inventory Purchases Ending inventory 2020 $6,380,000 934,000 4,858,800 1,074,000 2019 $6,179,000 840,000 4,351,600 934,000 Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute days in inventory for each year. (Round answers to 0 decimal places, e.g. 124. Use 365 days for calculation.) 2020 2019 Days in inventory days days
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