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
|
9.86
|
|
10
|
|
10.53
|
|
11.11
|
Explanation:
There is 1 question to complete.