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Directions: Solve the following problems and present your solutions below:
1. If a company has current assets of Php 530,000 and current liabilities of Php 300,000 the amount of its working capital is
2. Ninety percent (90%) of Dove Bird Seed's total sales of Php 600,000 is on credit. If its year-end receivables turnover is 5, the average collection period (based on a 365-day year) is
3. Using the data provided on No. 2, its year-end receivable is
4. Paula owns and operates an apparel store. Examine her current assets and liabilities below and compute her net working capital.
Cash
Php 10.000
Accounts Receivable 5,000
Inventory
15,000
Accounts Payable Php 7,500
Accrued Expense 2,500 Other Trade Debt 5,000
5. The days' sales in inventory is 73. The cost of goods sold is 720,000. The ne sales are Php 1,020,000, The beginning inventory was 82,000. What is the ending inventory?
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