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Brief Exercise 18-12 The following data are from the income statements of Haskin Company. 2017...

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Accounting

Brief Exercise 18-12 The following data are from the income statements of Haskin Company. 2017 2016 Sales revenue $6,330,000 $6,100,000 Beginning inventory 900,000 815,000 Purchases 4,380,000 4,630,000 Ending inventory 1,090,000 900,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2017 2016 Inventory turnover times times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2017 2016 Days in inventory days days

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