Question: What was the gross margin for 2022? * Selected information from the accounting records of the Bulldogs Inc. is as follows: Net Accounts Receivable -

What was the gross margin for 2022? * Selected information from the accounting records of the Bulldogs Inc. is as follows: Net Accounts Receivable - December 31, 2021 P900,000 Net Accounts Receivable - December 31, 2022 P1,000,000 Accounts receivable turnover 5 to 1 Inventories - December 31, 2021 P1,100,000 Inventories - December 31, 2022 P1,200,000 Inventory turnover 3.5 to 1 P150,000 P400,000 P725,000 P200,000 P300,000

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