Shown below are data from the Northern Company's accounting records: Year 1 Year 2 Sales Revenue...

 

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Shown below are data from the Northern Company's accounting records: Year 1 Year 2 Sales Revenue $13,000,000 $14,000,000 Cost of Goods Sold 7,000,000 7,900,000 Beginning Inventory Ending Inventory 700,000 730,000 730,000 800,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round your answer to two decimal points. Inventory turnover Days' sales in inventory Year 1 Year 2 9.79 10.33 Shown below are data from the Northern Company's accounting records: Year 1 Year 2 Sales Revenue $13,000,000 $14,000,000 Cost of Goods Sold 7,000,000 7,900,000 Beginning Inventory Ending Inventory 700,000 730,000 730,000 800,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round your answer to two decimal points. Inventory turnover Days' sales in inventory Year 1 Year 2 9.79 10.33

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a Inventory Turnover Inventory Turnover Cost of salesAverage stock Yea... View the full answer