View Policies Current Attempt in Progress The following data were taken from the financial records of Blossom Company. Net sales Beginning inventory Purchases Ending inventory Inventory turnover 2022 $6,310,000 970,000 4,994,500 1,040,000 eTextbook and Media Days in inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2021 $6,120,000 910,000 4,948,000 2022 970,000 2022 times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2021 days times 2021 days
View Policies Current Attempt in Progress The following data were taken from the financial records of Blossom Company. Net sales Beginning inventory Purchases Ending inventory Inventory turnover 2022 $6,310,000 970,000 4,994,500 1,040,000 eTextbook and Media Days in inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2021 $6,120,000 910,000 4,948,000 2022 970,000 2022 times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2021 days times 2021 days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:View Policies
Current Attempt in Progress
The following data were taken from the financial records of Blossom Company.
Net sales
Beginning inventory
Purchases
Ending inventory
Inventory turnover
2022
$6,310,000
Days in inventory
970,000
4,994,500
eTextbook and Media
1,040,000
2021
$6,120,000
Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.)
2022
2022
910,000
4,948,000
970,000
times
Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.)
2021
days
times
2021
days
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