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The following information is available for Pharoah Company: 2022 2021 Accounts receivable $ 375000 $ 363000 Inventory 287000 327000 Net credit sales 3163000 2612000 Cost
The following information is available for Pharoah Company:
| 2022 | 2021 | |
|---|---|---|
| Accounts receivable | $ 375000 | $ 363000 |
| Inventory | 287000 | 327000 |
| Net credit sales | 3163000 | 2612000 |
| Cost of goods sold | 2333200 | 842000 |
| Net income | 315000 | 182000 |
The inventory turnover for 2022 is
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
