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asap Selected information from the accounting records of ABC Co. is as follows: Net A/R, December 31, 2020 Net A/R, December 31,2021 Accounts Receivable Turnover

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Selected information from the accounting records of ABC Co. is as follows: Net A/R, December 31, 2020 Net A/R, December 31,2021 Accounts Receivable Turnover Inventories, December 31,2020 Inventories, December 31,2021 Inventory Turnover P840,000 P1,050,000 6 to 1 P1,300,000 P1,100,000 4 to 1 How much is the gross margin? 2 point Your answer What is the Gross Profit Ratio? (Express it in %. 2 decimal places required) point Your

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