Question - The following data are from the income statements of Haskin Company.
|
|
2015
|
2014
|
|
Sales
|
$6,345,900
|
$6,144,300
|
|
Beginning inventory
|
924,900
|
858,100
|
|
Purchases
|
4,373,500
|
4,629,400
|
|
Ending inventory
|
1,066,000
|
924,900
|
Compute for each year the inventory turnover.
Compute for each year the average clays to sell the inventory.