Business, 06.08.2019 03:10 madisonrendler1787

The following data were extracted from the income statement of saleh inc.:
current year previous year
sales $12,750,000 $13,284,000
beginning inventories 840,000 800,000
cost of goods sold 6,375,000 7,380,000
ending inventories 860,000 840,000
determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. round interim calculations to the nearest dollar and final answers to one decimal place. assume 365 days a year.

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The following data were extracted from the income statement of saleh inc.:
current year prev...