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The following information was available for Pharoah Company at December 31, 2022: beginning inventory $70000; ending inventory $102000; cost of goods sold $624000; and sales
The following information was available for Pharoah Company at December 31, 2022: beginning inventory $70000; ending inventory $102000; cost of goods sold $624000; and sales $816000. Pharoah inventory turnover ratio in 2022 was
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9.5 times.
6.1 times.
7.3 times.
8.9 times.
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