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

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 67P

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