Answered: Find out the company's cash ratio which…

Find out the company's cash ratio which has cash of P7500, cash equivalents of P26,250, accounts receivables of P4,300. Its total current liabilities are P45,000. What are cash equivalents? Exe2.1

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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Question

Find out the company's cash ratio which has cash of P7500, cash
equivalents of P26,250, accounts receivables of P4,300. Its total current
liabilities are P45,000.
What are cash equivalents? Exe2.1

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