Current Assets Cash Php 25,000 Php 30.000 Marketable Securities 40,000 10,000 Accounts Receivable 60,000 95,000 Inventory 110.000 90,000 Prepaid Expenses 35,000 20,000 Php 270.000 Php 245.000 Total Current AsSsets Current Liabilities Accounts Payable Php 120,000 Php 110,000 Salaries Payable 40,000 30,000 Income Tax Payable 10,000 15,000 Php 170.000 Php 155.000 Total Current Liabilities Compute the Current Ratio for 2018: O 0.95 O 1.59 O 2.31 O 1.32

Current Assets Cash Php 25,000 Php 30.000 Marketable Securities 40,000 10,000 Accounts Receivable 60,000 95,000 Inventory 110.000 90,000 Prepaid Expenses 35,000 20,000 Php 270.000 Php 245.000 Total Current AsSsets Current Liabilities Accounts Payable Php 120,000 Php 110,000 Salaries Payable 40,000 30,000 Income Tax Payable 10,000 15,000 Php 170.000 Php 155.000 Total Current Liabilities Compute the Current Ratio for 2018: O 0.95 O 1.59 O 2.31 O 1.32

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.10E

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