FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Peace Inc. has the following information: Sales P 480,000 Operating expenses 300,000 Net loss (60,000) How much is the entity's cost of sales? A. 340,000B. 360,000C. 240,000D. 420,000arrow_forwardThe total debt to total assets of the Monroe Company was.65. The total of Monroe's assets was $255,000. The amount of total debt is: O a. $392,703 O b. $165,750 Oc. $392,307 Od.$165,570 A Moving to another question will save this response. K Sho 2 Informative Top..docx acBook/arrow_forwardAssets= 300% of total liabilities Liabilities= 50% of Owner's Equity Owner's Equity= 80% of total Assets Difference between Owner's Equity and Liabilities = 2,000,000 pesos How much is the total liabilities?arrow_forward
- ST-2 Francisco Company has current assets of $50,000. Total assets are $200,000; and long- term liabilities and common stock collectively total $180,000. What is the value of the current ST ratio? ST isarrow_forwardFeiler Corporation has total current assets of $515,000, total current liabilities of $379,000, total stockholders' equity of $1,089,000, total plant and equipment (net) of $1,063,000, total assets of $1,578,000, and total liabilities of $489,000. The company's current ratio is closest to: Multiple Choice O 078 1.05 1.36 2.17arrow_forwardX Co. has the following information: Sale $ 1,200,000 Cost of sales $800,000 Operating expenses $200,000 current liabilities $120,000 Non-current liabilities $200,000 share capital $ 500,000 Retained earnings $ 300,000 the gross margin ratio is а. 3 x b. 20% С. 17% d. 34%arrow_forward
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