3. As of the end of 2019, Baby Shark, Inc. has a Total Assets of Php5,000,000.00 and with a Debt to Equity Ratio of 4:1. Using Book Value Method, what is the minimum value it can sell the 30% of the business? a. Php 1,500,000.00 b. Php 1,200,000.00 c. Php 300,000.00 d. Php 700,000.00

3. As of the end of 2019, Baby Shark, Inc. has a Total Assets of Php5,000,000.00 and with a Debt to Equity Ratio of 4:1. Using Book Value Method, what is the minimum value it can sell the 30% of the business? a. Php 1,500,000.00 b. Php 1,200,000.00 c. Php 300,000.00 d. Php 700,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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