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(Solved) hi Inventory Analysis The following data were extracted from the


hi

Inventory Analysis

The following data were extracted from the income statement of Brecca Systems Inc.:



a.   (1.) Determine for each year the inventory turnover. Round answers to one decimal place.

Current year
Preceding year

      (2). Determine for each year the number of days' sales in inventory. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place.

Current year days
Preceding year

days


Inventory Analysis

 

The following data were extracted from the income statement of Brecca Systems Inc.:

 

Current Year

 

Preceding Year

 

Sales

 


 

$1,197,200

 


 

Beginning inventories

 


 

$1,248,300

 


 

92,140...

 


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Oct 15, 2019

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