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The following data were taken from the incomr statements of Carla Vista Co. The following data were taken from the income statements of Carla Vista
The following data were taken from the incomr statements of Carla Vista Co.
The following data were taken from the income statements of Carla Vista Co.. Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 946,300 4,764,000 1,112,000 2021 $6,299,000 792,200 4,640,000 946,300 Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover times times Compute days in inventory for each year. (Round answers to O decimal places, e.g. 124. Use 365 days for calculation.) 2022 2021 Days in inventory days days Step by Step Solution
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