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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 62BE: Brief ExerciseRatio Analysis Valiant Corporation has $1,800,000 in total liabilities, $800,000 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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