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 80% of sales 5 times P1,120,000 2 to 1 Quick ratio 1.3 to 1 Average collection period Working days 45 days 360

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 80% of sales 5 times P1,120,000 2 to 1 Quick ratio 1.3 to 1 Average collection period Working days 45 days 360

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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