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The following data were gathered from the records of Sevillo Bolivar Enterprises: Inventories: Beginning Ending Sales: Credit Cash Sales Cost of Sales Accounts Receivable Beginning Ending Assume 365 days in a year. Required: Compute the following: a) Receivable Turn-Over b) Average Collection Period c) Inventory Turn-Over d) Average Age of Inventory P 80,000 60,000 P200,000 50,000 P210,000 P30,000 70,000

The following data were gathered from the records of Sevillo Bolivar Enterprises: Inventories: Beginning Ending Sales: Credit Cash Sales Cost of Sales Accounts Receivable Beginning Ending Assume 365 days in a year. Required: Compute the following: a) Receivable Turn-Over b) Average Collection Period c) Inventory Turn-Over d) Average Age of Inventory P 80,000 60,000 P200,000 50,000 P210,000 P30,000 70,000

FINANCIAL ACCOUNTING
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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The following data were gathered from the records of Sevillo Bolivar Enterprises: Inventories: Beginning Ending Sales: Credit Cash Sales Cost of Sales Accounts Receivable Beginning Ending Assumé 365 days in a year. Required: Compute the following: a) Receivable Turn-Over b) Average Collection Period c) Inventory Turn-Over d) Average Age of Inventory P 80,000 60,000 P200,000 50,000 P210,000 P30,000 70,000
Transcribed Image Text:The following data were gathered from the records of Sevillo Bolivar Enterprises: Inventories: Beginning Ending Sales: Credit Cash Sales Cost of Sales Accounts Receivable Beginning Ending Assumé 365 days in a year. Required: Compute the following: a) Receivable Turn-Over b) Average Collection Period c) Inventory Turn-Over d) Average Age of Inventory P 80,000 60,000 P200,000 50,000 P210,000 P30,000 70,000
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