The following data were taken from the financial records of Sunland Company. 2022 2021 Net Sales $6,370,000 $6,180,000 Beginning inventory 965,000 825,000 Purchases 4,347,500 4,615,000 Ending inventory 1,060,000 965,000 (a1) Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2022 2021 Inventory turnover times times

The following data were taken from the financial records of Sunland Company. 2022 2021 Net Sales $6,370,000 $6,180,000 Beginning inventory 965,000 825,000 Purchases 4,347,500 4,615,000 Ending inventory 1,060,000 965,000 (a1) Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2022 2021 Inventory turnover times times

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 5BE

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