Question
The total operating expenses of Marcos Co. for 2022 is 50% of cost of sales but only 30% of sales. Finance costs are 2% of
The total operating expenses of Marcos Co. for 2022 is 50% of cost of sales but only 30% of sales. Finance costs are 2% of sales. The amount of purchases is 130% of cost of sales. Ending inventory is 25% greater than the beginning inventory The profit for the period after tax of 30% is P2,100,000.
a. What is the amount of sales for 2022? b. By how much did the inventory change during 2022?
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Modern Analytical Auditing Practical Guidance For Auditors And Accountants
Authors: Thomas Mckee
1st Edition
0899303544, 978-0899303543
