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The following data were taken from the income statements of Blossom Company. The following...

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Accounting

imageimageThe following data were taken from the income statements of Blossom Company.

The following data were taken from the income statements of Blossom Company. 2022 2021 Sales revenue $6,523,000 $6,149,000 Beginning inventory 962,000 817,000 Purchases 4,803,500 4,592,500 Ending inventory 1,108,000 962,000 (a) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover times times (61) Compute days in inventory for each year. (Round answers to decimal places, e.g. 124. Use 365 days for calculation.) 2022 2021 Days in inventory days days

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