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