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Business, 18.02.2021 20:40 alisa1600000
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6,310,000 $6,200,000 Beginning inventory 940,000 855,000 Purchases 4,328,000 4,662,250 Ending inventory 1,000,000 940,000 Incorrect answer iconYour answer is incorrect. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e. g. 1.6.) 2020 2019 Inventory turnover 4.5 times 5.2 times Incorrect answer iconYour answer is incorrect. Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e. g. 1.6.) 2020 2019 Days in inventory 80.7 days 69.3 days Attempts: 1 of 3 used
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The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue...
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