1. A company has a total liabilities of ₱65,000 and owner’s equity of ₱35,000. What is the percentage of equity to total assets? 2. The total owner’s equity for 2018 is ₱175,000 and for 2019 is ₱235,500, what is the percentage of increase or decrease of owner’s equity? 3. If the current assets are ₱75,000 and the total assets are ₱300,000, what is the percentage of noncurrent assets? 4. Long-term liabilities are ₱150,000 which is equivalent to 50% of the total liabilities, the owners equity is 40% of the total assets, how much would be the total assets? 5. The total sales this year is ₱1,200,000, which resulted from an increase in sales for 10%. How much was the sales for last year? 6. The total current asset is 45%, total liability is 60%, total equity is ₱300,000. How much is the total noncurrent assets? 7. The Gross Profit is 40%, total sales is ₱625,000. The company incurred an operating expense of 20%, assuming that there is no non-operating items were incurred, how much would be the net profit? 8. The net profit this year is decreased by 10% due to the pandemic. How much was the net profit last year if the company reported a net profit of ₱90,000 this year? 9. If the current assets are 62.5% , the total assets are ₱600,000, owner’s equity is twice the total liabilities, how much is the total owner’s equity? 10. The total sales for this year is ₱5,000,000, cost of sales if 30%, operating expense is 20%, net profit before tax is 40%, how much is the non-operating items?

As per the guidelines we can provide ans of 3 part only i.e(1, 2 ,3). For remaining question post…

Answered: A company has a total liabilities of…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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1. A company has a total liabilities of ₱65,000 and owner’s equity of ₱35,000. What is the percentage of equity to total assets?
2. The total owner’s equity for 2018 is ₱175,000 and for 2019 is ₱235,500, what is the percentage of increase or decrease of owner’s equity?
3. If the current assets are ₱75,000 and the total assets are ₱300,000, what is the percentage of noncurrent assets?
4. Long-term liabilities are ₱150,000 which is equivalent to 50% of the total liabilities, the owners equity is 40% of the total assets, how much would be the total assets?
5. The total sales this year is ₱1,200,000, which resulted from an increase in sales for 10%. How much was the sales for last year?
6. The total current asset is 45%, total liability is 60%, total equity is ₱300,000. How much is the total noncurrent assets?
7. The Gross Profit is 40%, total sales is ₱625,000. The company incurred an operating expense of 20%, assuming that there is no non-operating items were incurred, how much would be the net profit?
8. The net profit this year is decreased by 10% due to the pandemic. How much was the net profit last year if the company reported a net profit of ₱90,000 this year?
9. If the current assets are 62.5% , the total assets are ₱600,000, owner’s equity is twice the total liabilities, how much is the total owner’s equity?
10. The total sales for this year is ₱5,000,000, cost of sales if 30%, operating expense is 20%, net profit before tax is 40%, how much is the non-operating items?