Solved: The following data are from the income statements of haskin, Accounting Basics

The following data are from the income statements of haskin

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

	2015	2014
Sales	$6,345,900	$6,144,300
Beginning inventory	924,900	858,100
Purchases	4,373,500	4,629,400
Ending inventory	1,066,000	924,900

Compute for each year the inventory turnover.

Compute for each year the average clays to sell the inventory.

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Accounting Basics: The following data are from the income statements of haskin

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Accounting Basics: The following data are from the income statements of haskin

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