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The following data were taken from the income statements of Mydorf Company. 2020 2019 $6,500,000 $6,230,000 Sales revenue Beginning inventory 995,000 810,000 Purchases 4,287,500 4,607,250
The following data were taken from the income statements of Mydorf Company. 2020 2019 $6,500,000 $6,230,000 Sales revenue Beginning inventory 995,000 810,000 Purchases 4,287,500 4,607,250 Ending inventory 1,030,000 995,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 times times Inventory turnover eTextbook and Media Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2019 2020 days days Days in inventory
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