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The following data were taken from the income statements of blossom company. 2022. 2021 sales revenue. 6,420,000. 6,149,000 beg inventory. 962,000. 817,000 purchases. 4,766,000. 4,611,000
The following data were taken from the income statements of blossom company. 2022. 2021 sales revenue. 6,420,000. 6,149,000 beg inventory. 962,000. 817,000 purchases. 4,766,000. 4,611,000 ending inventory. 1,108,000. 962,000 compute the inventory turnover for each year compute for each year the average collection period
2022. 2021
sales revenue. 6,420,000. 6,149,000
beg inventory. 962,000. 817,000
purchases. 4,766,000. 4,611,000
ending inventory. 1,108,000. 962,000
compute the inventory turnover for each year
compute for each year the average collection period
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
