7 XYZ Corporation had the following data in 2022 below: Total assets = P300.000 Gross profit...

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7 XYZ Corporation had the following data in 2022 below: Total assets = P300.000 Gross profit margin = 25% Quick ratio = 0.80 x Bond payable = P60.000 Days sales outstanding = 36 days Debt ratio = 50% Retained earnings = P97.500 Times interest earned= 6x Inventory turnover = 5 x Total assets turnover = 1.5 x No. of days in a year = 360 days Tax rate = 35% Compute the average merchandise inventory. (2 Points) P32.500 P67.500 P45.000 P30.000 7 XYZ Corporation had the following data in 2022 below: Total assets = P300.000 Gross profit margin = 25% Quick ratio = 0.80 x Bond payable = P60.000 Days sales outstanding = 36 days Debt ratio = 50% Retained earnings = P97.500 Times interest earned= 6x Inventory turnover = 5 x Total assets turnover = 1.5 x No. of days in a year = 360 days Tax rate = 35% Compute the average merchandise inventory. (2 Points) P32.500 P67.500 P45.000 P30.000

Answer rating: 100% (QA)

To compute the average merchandise inventory we can use the formula for inventory turnover textInventory Turnover fracCost of Goods SoldAverage Mercha... View the full answer