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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 thi syar, 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 fir: 1. Current assets 2. Current liabilities 3. Current ratio

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 thi syar, 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 fir: 1. Current assets 2. Current liabilities 3. Current ratio

Managerial Accounting: The Cornerstone of Business Decision-Making
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 thi syar, 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 fir:

1. Current assets

2. Current liabilities

3. Current ratio

4. Debt to asset ratio

5. Return on assets

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