Question - The following data are from the income statements of Haskin Company.
|
2015
|
2014
|
|
Sales
|
$6,324,200
|
$6,146,900
|
|
Beginning inventory
|
944,500
|
894,700
|
|
Purchases
|
4,392,900
|
4,620,700
|
|
Ending inventory
|
1,007,000
|
944,500
|
Compute for each year the inventory turnover.