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The following data were taken from the income statements of Ivanhoe Company. 2020 2019 Sales revenue $6,399,000 $6,216,000 Beginning inventory 998,000 836,000 Purchases 4,544,600 4,838,700

The following data were taken from the income statements of Ivanhoe Company.

2020

2019

Sales revenue $6,399,000 $6,216,000

Beginning inventory 998,000 836,000

Purchases 4,544,600 4,838,700

Ending inventory 984,000 998,000

Compute the inventory turnover for each year.

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