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The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,330,000 940,000 4,392,000 1,020,000
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,330,000 940,000 4,392,000 1,020,000 $6,160,000 885,000 4,617,500 940,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days days
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