The cost of goods sold was computed at P12.250. Total sales for the year were P42950. of which P31.200 in credit. Buldogs inventory turnover ratio for the year was Mr. Dog, the controller, had gathered the folowing accounting data regarding Buldogs Inc. Accounts receivable Inventory Accounts payable Beginning of the year P1,070 3,200 1,660 End of the year P1,530 3,800 1,840

The cost of goods sold was computed at P12.250. Total sales for the year were P42950. of which P31.200 in credit. Buldogs inventory turnover ratio for the year was Mr. Dog, the controller, had gathered the folowing accounting data regarding Buldogs Inc. Accounts receivable Inventory Accounts payable Beginning of the year P1,070 3,200 1,660 End of the year P1,530 3,800 1,840

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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