The cost of goods sold was computed at P12,250. Total sales for the year were P42,950, of which P31,200 in credit. Bulldogs' inventory turnover ratio for the year was * O Mr. Dog, the controller, had gathered the following accounting data regarding Bulldogs Inc. End of the year Beginning of the year P1,070 3,200 Accounts receivable Inventory Accounts pavable P1,530 3,800 1 840 1.660
The cost of goods sold was computed at P12,250. Total sales for the year were P42,950, of which P31,200 in credit. Bulldogs' inventory turnover ratio for the year was * O Mr. Dog, the controller, had gathered the following accounting data regarding Bulldogs Inc. End of the year Beginning of the year P1,070 3,200 Accounts receivable Inventory Accounts pavable P1,530 3,800 1 840 1.660
Chapter10: Inventory
Section: Chapter Questions
Problem 16EB: Compute Westtown Companys (A) inventory turnover ratio and (B) number of days sales in inventory...
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