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The following data were taken from the income statements of blossom company. 2022. 2021 sales revenue. 6,420,000. 6,149,000 beg inventory. 962,000. 817,000 purchases. 4,766,000. 4,611,000

The following data were taken from the income statements of blossom company.

2022. 2021

sales revenue. 6,420,000. 6,149,000

beg inventory. 962,000. 817,000

purchases. 4,766,000. 4,611,000

ending inventory. 1,108,000. 962,000

compute the inventory turnover for each year

compute for each year the average collection period

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