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Hello tutor, please help me solve these problems. Thank you! Question 46 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit)
Hello tutor, please help me solve these problems. Thank you!
Question 46 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, what is the inventory turnover of Mindoro? O 8 times O 10 times 4 times O 5 timesQuestion 47 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, what is the receivable turnover of Mindoro? O 10 times O 8 times O 4 times O 5 timesQuestion 48 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, what is the payable turnover of Mindoro? O 10 times O 4 times O 5 times O 8 timesQuestion 49 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, how many days is Mindoro's operating cycle? O 117 days O 45 days O 162 days O 207 daysQuestion 50 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, how many days is Mindoro's cash conversion cycle? O 207 days O 117 days O 162 days O 45 daysStep by Step Solution
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