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