Question: What was the gross margin for 2022? Selected information from the accounting records of the Bulldogs Inc. is as follows: P900,000 P1,000,000 5 to

What was the gross margin for 2022? Selected information from the accounting

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

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