Answered: Compute the Inventory turnover ratio…

Compute the Inventory turnover ratio from the following information: Opening Stock =P50,000 Closing Stock =P80,000 Material Consumed=P3,90,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 16EA: Compute Altoona Companys (a) inventory turnover ratio and (b) number of days sales in inventory...

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Compute the Inventory turnover ratio from the following information:
Opening Stock =P50,000
Closing Stock =P80,000
Material Consumed%=DP3,90,000

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