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The following data were taken from the income statements of Crane Company. 2021 Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420.000 944,200 4,674,000 1,158,000
The following data were taken from the income statements of Crane Company. 2021 Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420.000 944,200 4,674,000 1,158,000 $6,246,000 832,300 4,692,000 944.200 (a) Your answer is incorrect. Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover times times e Textbook and Media Save for Later Attempts: 2 of 3 used Submit
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