CDE Co. has the following assets: Cash = P64,800, Accounts Receivable = P684,800, Inventory = P161,700, PPE = P322,900. Based on this data, how many percent of the total assets is the current assets? (A) 73.84% B 26.16% 69.55% D 30.45%

CDE Co. has the following assets: Cash = P64,800, Accounts Receivable = P684,800, Inventory = P161,700, PPE = P322,900. Based on this data, how many percent of the total assets is the current assets? (A) 73.84% B 26.16% 69.55% D 30.45%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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Question

CDE Co. has the following assets:
Cash = P64,800,
Accounts Receivable = P684,800,
Inventory = P161,700,
PPE = P322,900.
Based on this data, how many percent of the total assets is the current assets?
A) 73.84%
B) 26.16%
69.55%
30.45%

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