8 The estimated inventory amount is: *The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory.The following information is available:|Credit salesInventory turnoverWorking capital|Current ratioQuick ratioAverage collection periodWorking days80% of sales5 timesP1,120,0002 to 11.3 to 145 days360O P784,000O P600,000O P840,000O P720,000O P550,000

Inventory Inventory refers to the assets of the company which are used for further production of…

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

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 9SPA: FINANCIAL RATIOS Use the work sheet and financial statements prepared in Problem 15-8A. All sales...

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