In 2x20, ABC Company has the following data on its statement of financial position: Cash - 15,000,000 Marketable Securities - 20,000,000 Property, Plant, Equipment - 30,000,000 Long term debt - 36,000,000 Inventory - 25,000,000 Short term debt - 15,000,000 Accounts payable - 15,000,000 During this year, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000. Requirement: Compute for: Debt to asset ratio Return on assets
In 2x20, ABC Company has the following data on its statement of financial position: Cash - 15,000,000 Marketable Securities - 20,000,000 Property, Plant, Equipment - 30,000,000 Long term debt - 36,000,000 Inventory - 25,000,000 Short term debt - 15,000,000 Accounts payable - 15,000,000 During this year, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000. Requirement: Compute for: Debt to asset ratio Return on assets
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
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 32BEB: During 20X2, Evans Company had the following transactions: a. Cash dividends of 6,000 were paid. b....
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In 2x20, ABC Company has the following data on its statement of financial position:
Cash - 15,000,000
Marketable Securities - 20,000,000
Property, Plant, Equipment - 30,000,000
Long term debt - 36,000,000
Inventory - 25,000,000
Short term debt - 15,000,000
Accounts payable - 15,000,000
During this year, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000.
Requirement: Compute for:
Debt to asset ratio
Return on assets
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