On January 1, 2022, Bulldogs Inc. has an inventory account has a balance of P450,000. During the year,Bulldogs Inc. purchased P2,950,000 additional merchandise. On December 31, 2022, the inventory wascounted and determined to have a balance of P925,000. 

What is the inventory turnover for 2022?

Answer rating: 100% (QA)

To calculate the inventory turnover for 2022 we need the cost of goods sold COGS for th... View the full answer