Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) Compute...

   

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Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) Compute days in inventory for each year. (Round answers to O decimal places, e.g. 124. Use 365 days for calculation.) Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 941,700 4,658,000 1,192,000 2021 $6,162,000 803,700 4,603,000 941,700 Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) Compute days in inventory for each year. (Round answers to O decimal places, e.g. 124. Use 365 days for calculation.) Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 941,700 4,658,000 1,192,000 2021 $6,162,000 803,700 4,603,000 941,700

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To calculate the inventory turnover for each year well use the formula Inventory Turnover Cost of Go... View the full answer