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13.6 The following data were taken from the income statements of Metronix Corporation. 2018 2017 Total revenue $4,658,12
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- 13 6 The Following Data Were Taken From The Income Statements Of Metronix Corporation 2018 2017 Total Revenue 4 658 12 1 (106.56 KiB) Viewed 34 times
13.6 The following data were taken from the income statements of Metronix Corporation. 2018 2017 Total revenue $4,658,125 $3,776,395 Beginning inventory $231,313 $202,794 Purchases $510,711 $566,145 Ending inventory $366,106 $231,313 Thirteen.3-18 Full Alternative Text Compute the inventory-turnover ratio for each year. What conclusions concerning the management of the inventory can be drawn from the data?