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The estimated inventory amount is: * The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The following information is available: Credit sales 80% of sales Inventory turnover Working capital 5 times P1,120,000 2 to 1 1.3 to 1 45 days Current ratio Quick ratio Average collection period Working days 360 O P784,000 O P600,000 O P840,000 O P720,000 O P550,000

The estimated inventory amount is: * The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The following information is available: Credit sales 80% of sales Inventory turnover Working capital 5 times P1,120,000 2 to 1 1.3 to 1 45 days Current ratio Quick ratio Average collection period Working days 360 O P784,000 O P600,000 O P840,000 O P720,000 O P550,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The estimated inventory amount is: * The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The following information is available: |Credit sales Inventory turnover Working capital |Current ratio Quick ratio Average collection period Working days 80% of sales 5 times P1,120,000 2 to 1 1.3 to 1 45 days 360 O P784,000 O P600,000 O P840,000 O P720,000 O P550,000
Transcribed Image Text:The estimated inventory amount is: * The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The following information is available: |Credit sales Inventory turnover Working capital |Current ratio Quick ratio Average collection period Working days 80% of sales 5 times P1,120,000 2 to 1 1.3 to 1 45 days 360 O P784,000 O P600,000 O P840,000 O P720,000 O P550,000
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