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Data from National Corporation's most recent balance sheet and income statement appear below:. Accounts receivable Inventory Sales on account_ This Year P101,000 P155,000 P662,000 P400,000 Last Year P125,000 P150,000 Cost of goods sold

Data from National Corporation's most recent balance sheet and income statement appear below:. Accounts receivable Inventory Sales on account_ This Year P101,000 P155,000 P662,000 P400,000 Last Year P125,000 P150,000 Cost of goods sold

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The average sale period for this year is

Data from National Corporation's most recent balance sheet and income statement appear below: Accounts receivable Inventory Sales on account, Cost of goods sold This Year P101,000 P155,000 P662,000 P400,000 Last Year P125,000 P150,000
Transcribed Image Text:Data from National Corporation's most recent balance sheet and income statement appear below: Accounts receivable Inventory Sales on account, Cost of goods sold This Year P101,000 P155,000 P662,000 P400,000 Last Year P125,000 P150,000
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