12:14:2845% | ו. |וויIf average inventory is P80,000 1 poiand the inventory turnoverratio is 20, how much is thecost of goods sold of thecompany? *O P1,600,000O P4,000O .00025O P80,020Interest expense for the year1 pointamounted to P90,000. Incometax expense is P100,000. If netincome after tax is P620,000,what is the times interestearned ratio? *6.29.6.888PO P720,000

Calculate the costs of goods sold (COGS) by multiplying the average inventory which is P80,000 with…

If average inventory is P80,000 and the inventory turnover ratio is 20, how much is the cost of goods sold of the company? * O P1,600,000 O P4,000 .00025 P80,020 Interest expense for the year amounted to P90,000. Income tax expense is P100,000. If net income after tax is P620,000, what is the times interest earned ratio? * 6.2 9 6,888

If average inventory is P80,000 and the inventory turnover ratio is 20, how much is the cost of goods sold of the company? * O P1,600,000 O P4,000 .00025 P80,020 Interest expense for the year amounted to P90,000. Income tax expense is P100,000. If net income after tax is P620,000, what is the times interest earned ratio? * 6.2 9 6,888

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 1CE: LO1 If the ending inventory is overstated by 10,000, indicate what, if anything, is incorrect about...

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If average inventory is P80,000 and the inventory turnover ratio is 20, how much is the cost of goods sold of the company? * O P1,600,000 O P4,000 O .00025 P80,020
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