The financial data for Ivanhoe's Fresh Fruits Incorporated and Oriole's Supermarket Ltd. for the current year...

 

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The financial data for Ivanhoe's Fresh Fruits Incorporated and Oriole's Supermarket Ltd. for the current year are as follows: Ivanhoe's Fresh Fruits Oriole's Supermarket (a) Annual Cost of Goods Sold $9,069,480 $690,700 49,161,090 4,618,000 1,032,700 Inventory turnover Inventory Jan. 1 $748,900 Calculate the inventory turnover for each company. (Round answers to 1 decimal place, e.g. 18.4.) Ivanhoe's Fresh Fruits Inventory Dec. 31 times Oriole's Supermarket times The financial data for Ivanhoe's Fresh Fruits Incorporated and Oriole's Supermarket Ltd. for the current year are as follows: Ivanhoe's Fresh Fruits Oriole's Supermarket (a) Annual Cost of Goods Sold $9,069,480 $690,700 49,161,090 4,618,000 1,032,700 Inventory turnover Inventory Jan. 1 $748,900 Calculate the inventory turnover for each company. (Round answers to 1 decimal place, e.g. 18.4.) Ivanhoe's Fresh Fruits Inventory Dec. 31 times Oriole's Supermarket times