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Discuss the income statements of imhoff company

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The following data were taken from the income statements of Imhoff Company.

2014 2013
Sales revenue $6,620,400 $6,186,800
Beginning inventory 960,100 844,500
Purchases 4,756,700 4,647,900
Ending inventory 1,141,000 960,100

(a) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.)

 

Reference no: EM131821668

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