The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The following information is available: Credit sales 80% of sales 5 times Inventory turnover Working capital Current ratio P1,120,000 2 to 1 Quick ratio 1.3 to 1 Average collection period Working days 45 days 360
The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The following information is available: Credit sales 80% of sales 5 times Inventory turnover Working capital Current ratio P1,120,000 2 to 1 Quick ratio 1.3 to 1 Average collection period Working days 45 days 360
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The estimated inventory amount is:
P550,000
P600,000
P784,000
P840,000
P720,000
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