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b. A company has capital of P10,00,000; its turnover is 3 times the capital and the margin on sales is 6%. What is the return

b. A company has capital of P10,00,000; its turnover is 3 times the capital and the margin on sales is 6%. What is the return on investment? P 80,000 Cash Sales 2,00,000 Credit Sales 10,000 Returns Inward 25,000 30,000 Opening Stock Closing Stock Gros Profit Ratio is 25% Find out Inventory Turnover Ratio (5 marks) Required: Use the above information to determine the return on investment

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