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The following data were taken from the financial records of Pharoah Company. 2022 2021 Net sales $6,340,000 $6,300,000 Beginning inventory 960,000 860,000 Purchases 5,115,000 5,014,000
The following data were taken from the financial records of Pharoah Company. 2022 2021 Net sales $6,340,000 $6,300,000 Beginning inventory 960,000 860,000 Purchases 5,115,000 5,014,000 Ending inventory 1,050,000 960,000 (a1) 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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Cima Official Learning System Fundamentals Of Business Mathematics
Authors: Graham Eaton
4th Edition
1856177831, 978-1856177832
