ECONOMICS

COST ACCOUNTING

FLEXIBLE BUDGETS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
LYR, a retail Company, had a cost of goods sold of P 1, 000, 000 last year. the beginning inventory balance was P 90, 000 and the ending inventory balance was P 100, 000. The Company’s inventory turnover ratio was closest to
A
9.86
B
10
C
10.53
D
11.11
Explanation: 
There is 1 question to complete.