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Brief Exercise 18-12 The following data are from the income statements of Haskin Company.

2017 2016
Sales revenue
$6,480,000 $6,110,000
Beginning inventory 985,000 830,000
Purchases 4,370,000 4,700,000
Ending inventory 1,030,000 985,000
Compute for each year the inventory turnover.?(Round answers to 1 decimal place, e.g. 1.6.)

2017 2016
Inventory turnover ?times ?times

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Compute for each year the days in inventory.?(Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.)

2017 2016
Days in inventory ?days

?days

 


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Apr 19, 2020

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