I need help Computing for each year the inventory turnover for each year

User Generated

ohaalybire3655

Business Finance

Description

The following data are from the income statements of Haskin Company.

2015
2014
Sales$6,420,000$6,240,000
Beginning inventory940,000860,000
Purchases4,340,0004,661,000
Ending inventory1,020,000940,000

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Explanation & Answer

The Right Answer is :-  

Inventory turnover 2015  =4.34

Inventory turnover 2014     = 5.09

Your complete Answer is here

Inventory turnover 2014& 2015.docx 


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