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Compute for each year the inventory turnover

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Reference no: EM131810554

The following data are from the income statements of Haskin Company

 

2015

2014

Sales

$6,313,600

  

$6,195,100

  

Beginning inventory

914,000

  

817,700

  

Purchases

4,318,600

  

4,685,500

  

Ending inventory

1,076,200

  

914,000

  
 

Compute for each year the inventory turnover

 

Reference no: EM131810554

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