The following data are from the income statements of Huntsinger Company.
|
2011 |
2010 |
|
|
Sales |
6,420,000 |
6,240,000 |
|
Beginning inventory |
980,000 |
860,000 |
|
Purchases |
4,340,000 |
4,661,000 |
|
Ending inventory |
1,020,000 |
980,000 |
Compute for each year (1) the inventory turnover and (2) the average days to sell the inventory. (Round answers to 1 decimal place, e.g. 10.5. Use rounded answers for future calculations.)