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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 $6.360.000 915,000 4,391,250 1,060,000
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6.360.000 915,000 4,391,250 1,060,000 $6,270,000 885,000 4,710,000 915,000 (a1) Your answer is incorrect. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times
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