Homework answers / question archive / Net accounts receivables at December 31, 2007 P 900,000 Net accounts receivables at December 31, 2008 1,000,000 Accounts receivables turnover 5 to 1 Inventories at December 31, 2007 P1,100,000 Inventories at December 31, 2008 1,200,000 Inventory turnover 4 to 1 What was Erik Santos’s gross margin %?

Net accounts receivables at December 31, 2007 P 900,000 Net accounts receivables at December 31, 2008 1,000,000 Accounts receivables turnover 5 to 1 Inventories at December 31, 2007 P1,100,000 Inventories at December 31, 2008 1,200,000 Inventory turnover 4 to 1 What was Erik Santos’s gross margin %?

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Net accounts receivables at December 31, 2007 P 900,000 Net accounts receivables at December 31, 2008 1,000,000 Accounts receivables turnover 5 to 1 Inventories at December 31, 2007 P1,100,000 Inventories at December 31, 2008 1,200,000 Inventory turnover 4 to 1 What was Erik Santos’s gross margin %?