The estimated inventory amount is: * The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The following information is available: Credit sales 80% of sales Inventory turnover Working capital 5 times P1,120,000 2 to 1 1.3 to 1 45 days Current ratio Quick ratio Average collection period Working days 360 O P784,000 O P600,000 O P840,000 O P720,000 O P550,000
The estimated inventory amount is: * The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The following information is available: Credit sales 80% of sales Inventory turnover Working capital 5 times P1,120,000 2 to 1 1.3 to 1 45 days Current ratio Quick ratio Average collection period Working days 360 O P784,000 O P600,000 O P840,000 O P720,000 O P550,000
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 9SPA: FINANCIAL RATIOS Use the work sheet and financial statements prepared in Problem 15-8A. All sales...
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