Eastwood Electronics registered accelerated increases in its net income from P 400,000 in 2020 to P 1,200,000 in 2021. Rate of return on Current Assets increased from 25% in 2020 to 30% in 2021. Current Asset turnover, on the other hand, went down to 2.25 turnover in 2021 from 2.50 turnover in 2020. The Cost of Goods Sold and Operating Expenses excluding depreciation in 2020 amounted to P
Eastwood Electronics registered accelerated increases in its net income from P 400,000 in 2020 to P 1,200,000 in 2021. Rate of return on Current Assets increased from 25% in 2020 to 30% in 2021. Current Asset turnover, on the other hand, went down to 2.25 turnover in 2021 from 2.50 turnover in 2020. The Cost of Goods Sold and Operating Expenses excluding depreciation in 2020 amounted to P
Chapter1: Financial Statements And Business Decisions
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