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ABC COMPANY In 2X20, ABC Company has the following data on its statement of financial position: • Cash – P15,000,000 • Marketable securities – P20,000,000 • Property, plant, and equipment – P30,000,000 • Long-term debt – P36,000,0000 • Inventory – P25,000,000 • Short-term debt – P15,000,000 • Accounts payable – P15,000,0000 During the year, the company reported a P12,000,000 of net income. The company’s total asset in the previous year was P60,000,000. Requirement: Compute for the ff. 1. Current assets 2. Current liabilities 3. Current ratio 4. Debt to asset ratio 5. Return on assets

ABC COMPANY In 2X20, ABC Company has the following data on its statement of financial position: • Cash – P15,000,000 • Marketable securities – P20,000,000 • Property, plant, and equipment – P30,000,000 • Long-term debt – P36,000,0000 • Inventory – P25,000,000 • Short-term debt – P15,000,000 • Accounts payable – P15,000,0000 During the year, the company reported a P12,000,000 of net income. The company’s total asset in the previous year was P60,000,000. Requirement: Compute for the ff. 1. Current assets 2. Current liabilities 3. Current ratio 4. Debt to asset ratio 5. Return on assets

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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ABC COMPANY In 2X20, ABC Company has the following data on its statement of financial position: • Cash – P15,000,000 • Marketable securities – P20,000,000 • Property, plant, and equipment – P30,000,000 • Long-term debt – P36,000,0000 • Inventory – P25,000,000 • Short-term debt – P15,000,000 • Accounts payable – P15,000,0000 During the year, the company reported a P12,000,000 of net income. The company’s total asset in the previous year was P60,000,000. Requirement: Compute for the ff. 1. Current assets 2. Current liabilities 3. Current ratio 4. Debt to asset ratio 5. Return on assets
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