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q56 The current assets of ABC Co. consists of cash, accounts receivable, and inventory. The following information is available: Credit sales 75% of total sales

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The current assets of ABC Co. consists of cash, accounts receivable, and inventory. The following information is available: Credit sales 75% of total sales Inventory turnover 5 times Working capital P1,120,000 Current ratio 2.00 to 1 Quick ratio 1.25 to 1 Average Collection period 42 days Working days 360 The estimated entory amount is

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