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The following data were taken from the income statements of Crane Company. 2022 2021 Sales revenue $6.420,000 $6,246,000 Beginning inventory 944,200 832,300 Purchases 4,674,000 4,692.000

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The following data were taken from the income statements of Crane Company. 2022 2021 Sales revenue $6.420,000 $6,246,000 Beginning inventory 944,200 832,300 Purchases 4,674,000 4,692.000 Ending inventory 1.158,000 944,200 (a) Your answer is partially correct. Compute the inventory turnover for each year. (Round answers to 1 decimal place, eg. 12.5.) 2022 2021 Inventory turnover 4.5 times 5.3 times eTextbook and Media Save for Later Attempts: 2 of 3 used Submit

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