p40 National Company wrote off P200,000 in obsolete inventory. The company's inventoryturnover ratio would: * Aremain unchanged.decrease.impossible to determine.increase.

Inventory Turnover ratio is computed as cost of goods sold divided by the average inventory.…

Answered: lational Company wrote off P200,000 in…

lational Company wrote off P200,000 in obsolete inventory. The company's inventory urnover ratio would: * A remain unchanqed.

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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p40

National Company wrote off P200,000 in obsolete inventory. The company's inventory
turnover ratio would: * A
remain unchanged.
decrease.
impossible to determine.
increase.

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