The current assets of Teresita Enterprise consist of cash, accounts receivable, and inventory. The following information is available: Credit sales 75% of total sales Inventory turnover 5 times Working capital P1,120,000 Current ratio 2 to 1 Quick ratio 1.25 to 1 Average Collection period 42 days Working days 360 The estimated costs of goods sold is:
The current assets of Teresita Enterprise consist of cash,
Credit sales 75% of total sales
Inventory turnover 5 times
Quick ratio 1.25 to 1
Average Collection period 42 days
Working days 360
The estimated costs of goods sold is:
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