UST Enterprise has 3 items in its current assets section of the balance sheet; cash, AR and inventory. Given is the following information: Credit sales                  75% of total sales                   Quick ratio                                 1.25:1 Inventory turnover                                5x                    Average collection period         42 days Working capital                      P1,120,000                    Working days                              360 Current ratio                                        2:1   What is the amount of inventory?

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