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Compute for each year the inventory turnover

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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.

Reference no: EM132063663

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