Do- Exercise 6-04 a-b1,b2 (Part Level Submission) Answer the following questions: (a) (51) Early in...
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Do- Exercise 6-04 a-b1,b2 (Part Level Submission) Answer the following questions: (a) (51) Early in 2020, Ayayai Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2019 and 2020 are shown below. 2019 2020 Sales Cost of goods sold Beginning inventory Ending inventory $3,121,000 1,168,000 180,000 220,000 $3,718,000 1,600,000 220,000 100,000 Determine the inventory turnover for 2019 and 2020. (Round answers to 2 decimal places, e.g. 1.25.) 2019 2020 Inventory turnover Click if you would like to Show Work for this question: Open Show Work
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