Do It! Review 6-4 Early in 2014, Defoor Company switched to a just-in-time inventory system....
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Do It! Review 6-4 Early in 2014, Defoor Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2013 and 2014 are shown below. 2013 2014 Sales revenue $3,303,400 $3,723,200 Cost of goods sold 1,361,200 1,467,900 Beginning inventory 186,600 225,400 Ending inventory 225,400 99,000 Determine the inventory turnover for 2013 and 2014. (Round answers to 1 decimal place, e.g. 5.1.) 2013 2014 Inventory turnover Determine the days in inventory for 2013 and 2014. (Round answers to 1 decimal place, e.g. 5.1.) 2013 2014 Days in inventory days days
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