Company D's current assets and current liabilities are P200,000.00 and P140,000.00 respectively. How much additional funds can it borrow from banks for short term, without reducing the current ratio below 1.33? a. P13,800.00 b. P86,200.00 c. P52,612.00 d. P35,870.00 e. P41,818.00
Company D's current assets and current liabilities are P200,000.00 and P140,000.00 respectively. How much additional funds can it borrow from banks for short term, without reducing the current ratio below 1.33? a. P13,800.00 b. P86,200.00 c. P52,612.00 d. P35,870.00 e. P41,818.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Company D's current assets and current liabilities are P200,000.00 and P140,000.00 respectively. How much additional funds can it borrow from banks for short term, without reducing the
a. P13,800.00
b. P86,200.00
c. P52,612.00
d. P35,870.00
e. P41,818.00
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