Question
Pham Enterprises The following selected financial information is available for Pham Enterprises for the year ended December 31: Net sales $450,000 Inventory, January 1 $48,400
Pham Enterprises The following selected financial information is available for Pham Enterprises for the year ended December 31:
| Net sales | $450,000 | Inventory, January 1 | $48,400 |
| Cost of goods sold | $299,500 | Inventory, December 31 | $49,670 |
Refer to the information provided for Pham Enterprises. What is the company's average-days-to-sell inventory measure?
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Information Technology Auditing An Evolving Agenda
Authors: Jagdish Pathak
1st Edition
3642060579, 978-3642060571
