The following data were taken from the financial records of Pharoah Company. Net sales Beginning inventory...
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The following data were taken from the financial records of Pharoah Company. Net sales Beginning inventory Purchases Ending inventory 2022 $6,310,000 905,000 5,137,500 1,080,000 2021 $6.180,000 820,000 4.742,500 905,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) Inventory turnover 2022 times 2021 times The following data were taken from the financial records of Pharoah Company. Net sales Beginning inventory Purchases Ending inventory 2022 $6,310,000 905,000 5,137,500 1,080,000 2021 $6.180,000 820,000 4.742,500 905,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) Inventory turnover 2022 times 2021 times
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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