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The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6,440,000 $6,180,000 Beginning inventory 910,000 840,000 Purchases 4,280,000 4,620,000
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6,440,000 $6,180,000 Beginning inventory 910,000 840,000 Purchases 4,280,000 4,620,000 Ending inventory 1,090,000 910,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times 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 Click if you would like to show Work for this question: Open Show Work
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