The following data were taken from the income statements of Cullumber Company.     2022   2021 Sales revenue   $6,420,000   $6,271,000 Beginning inventory   942,400   840,500 Purchases   4,836,000   4,691,000 Ending inventory   1,174,000   942,400     Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.)     2022   2021 Inventory turnover   Enter inventory turnover in times rounded to 1 decimal place  times   Enter inventory turnover in times rounded to 1 decimal place  times       Compute days in inventory for each year. (Round answers to 0 decimal places, e.g. 124. Use 365 days for calculation.)     2022   2021 Days in inventory   Enter days in inventory rounded to 0 decimal places  days   Enter days in inventory rounded to 0 decimal places

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A: Formula: Inventory turnover = Cost of goods sold / Average inventory.

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A:

Q: Inventory Analysis The following data were extracted from the income statement of Keever Inc.:…

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