What is the value of the company inventory at the end

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Reference no: EM132743416

Consider the following data about a company:

Current ratio 3.5 to 1

Acid-test ratio 3.0 to 1

Current liabilities at yr end P150,000

Inventory, beg of the yr. P125,000

Inventory turnover 8 times

Problem a. What is the value of the company's inventory at the end of the year?

Problem b. How much is the company's cost of goods sold during the year?

Reference no: EM132743416

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