FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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Transcribed Image Text: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
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