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The following data were taken from the financial records of Vaughn Company. 2022 2021 Net Sales $6,370,000 $6,170,000 Beginning inventory 915,000 865,000 Purchases 4,359,750
The following data were taken from the financial records of Vaughn Company. 2022 2021 Net Sales $6,370,000 $6,170,000 Beginning inventory 915,000 865,000 Purchases 4,359,750 4,678,000 Ending inventory 1,050,000 915,000 (a1) Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) Inventory turnover eTextbook and Media 2022 times 2021 times
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
