The cost of goods sold was computed at P12.250. Total sales for the year were P42.950. of which P31.200 in credit. Buldogs inventory turnover ratio for the year was Mr. Dog, the controller, had...

Inventory turnover ratio

Extracted text: The cost of goods sold was computed at P12.250. Total sales for the year were P42.950. of which P31.200 in credit. Buldogs inventory turnover ratio for the year was Mr. Dog, the controller, had gathered the following accounting data regarding Bulldogs Inc. Accounts receivable Inventory Accounts payable Beginning of the year P1,070 3,200 1,660 End of the year P1,530 3,800 1,840