Question 28 1 pts During 2020, Star Company purchased P960,000 of inventory. The cost of goods sold for 2020 was P900,000, and the ending inventory at December 31, 2020 was P180,000. What was the inventory turnover for 2020? O 6.0 5.0 0 6.4 O 5.3 Question 29 1 pts Ward Corporation had net income of P2 million in 2018. Using the 2018 financial elements as the base data, net income decreased by 70% in 2019 and increased by 175% in 2020. The respective net income reported by Ward Corporation for 2019 and 2020 are: O P1,400,000 and P3,500,000 O P1,400,000 and P5,500,000 O P600.000 and P5,500,000 OP5,500,000 and P600.000 Question 30 1 pts Eugene Store had net credit sales of P6,500,000 and cost of goods sold of P5,000,000 for the year. The accounts receivable balances at the beginning and end of the year were P600,000 and P700,000, respectively. The receivable turnover was 7.7 times O 10.0 times 9.3 times 10.8 times