The cost of goods sold was computed at P12.250. Total sales for the year were P42950. of which P31.200 in credit. Buldogs inventory turnover ratio for the year was Mr. Dog, the controller, had gathered the folowing accounting data regarding Buldogs Inc. Accounts receivable Inventory Accounts payable Beginning of the year P1,070 3,200 1,660 End of the year P1,530 3,800 1,840

The cost of goods sold was computed at P12.250. Total sales for the year were P42950. of which P31.200 in credit. Buldogs inventory turnover ratio for the year was Mr. Dog, the controller, had gathered the folowing accounting data regarding Buldogs Inc. Accounts receivable Inventory Accounts payable Beginning of the year P1,070 3,200 1,660 End of the year P1,530 3,800 1,840

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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