Description
The following data are from the income statements of Haskin Company.
2015 | 2014 | |||||
Sales | $6,420,000 | $6,240,000 | ||||
Beginning inventory | 940,000 | 860,000 | ||||
Purchases | 4,340,000 | 4,661,000 | ||||
Ending inventory | 1,020,000 | 940,000 |
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Explanation & Answer
The Right Answer is :-
Inventory turnover 2015 =4.34
Inventory turnover 2014 = 5.09
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