Question 24 1 pts Marko Corporation uses the allowance method for bad debts. During 2020, Marko charged - P 30,000 to bad debts expense and wrote off P 25,200 of uncollectible accounts receivable. These transactions resulted in a decrease in working capital of O None O P25,200 O P4,800 O P30,000Question 25 1 pts Royal Company's net accounts receivable were P 500,000 on December 31, 2019, and P600,000 on December 31, 2020. Net Cash Sales for 2020 were P 200,000. The accounts receivable turnover for 2020 was 5.0. What was Royal's net sales for 2020? O P 5,500,000 O P 3,000,000 O P 3,200,000 O P 2,950,000Question 26 1 pts In 2020, Red Incorporated purchased P2,000,000 of inventory. The cost of goods sold for 2020 was P2,200,000 and the ending inventory on December 31, 2020, was P 400,000. What was the Inventory turnover for 2020? O 4.4 times O 4.0 times O 5.5 times O 11 times