Business, 30.04.2021 19:00 monk68

Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 2020
Sales $305,000 $284,000
Sales returns and allowances 9,000 6,000
Net sales $296,000 $278,000
Cost of goods sold:
Inventory, January 1 43,000 36,000
Net purchases 152,000 146,000
Goods available for sale 195,000 182,000
Inventory, December 31 57,000 43,000
Cost of goods sold 138,000 139,000
Gross profit $158,000 $139,000

ATC's inventory turnover ratio for 2021 is:

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Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 2020

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