Prada Company maintains a mark up of 60% based on sales. The company's selling and administrative expenses average 30% of sales. Annual sales were P 1,440,000. How much should the company record as its cost sales and operating profit for the year

Prada Company maintains a mark up of 60% based on sales. The company's selling and administrative expenses average 30% of sales. Annual sales were P 1,440,000. How much should the company record as its cost sales and operating profit for the year

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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