Solution-Compute the inventory turnover for each year

Compute the inventory turnover for each year

Reference no: EM133057429

Question - The following data were taken from the income statements of Oriole Company.

	2022	2021
Sales revenue	$6,407,000	$6,123,000
Beginning inventory	962,200	857,300
Purchases	4,757,840	4,653,650
Ending inventory	1,126,000	962,200

Required - Compute the inventory turnover for each year.

Reference no: EM133057429

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Compute the inventory turnover for each year

Reference no: EM133057429

Reference no: EM133057429

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