Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is ₱210M. The company plans to pay ₱0.05 cash dividends per share in 2020. How much is the projected current assets in 2020?   ₱73,000,000   ₱71,000,000   ₱73,500,000   ₱70,000,000

Principles of Accounting Volume 1
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Chapter9: Accounting For Receivables
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Problem 8EA: Using the following select financial statement information from Black Water Industries, compute the...
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Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is ₱210M. The company plans to pay ₱0.05 cash dividends per share in 2020.

How much is the projected current assets in 2020?

 
  1. ₱73,000,000

     
  2. ₱71,000,000

     
  3. ₱73,500,000

     
  4. ₱70,000,000

An analysts wants to project the financial statements of a company in 2020. He has gathered the following information for 2019.
Common Stock(P1
Current Assets: P70M
Current Liabilities: P50M
Sales: P200M
par): P60M
PPE: P110M
Bank debts: P30M
Retained Earnings: P40M
Net income: P1OM
Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is P210M.
The company plans to pay P0.05 cash dividends per share in 2020.
How much is the projected current assets in 2020?
A P73,000,000
(B P71,000,000
P73,500,000
D P70,000,000
Transcribed Image Text:An analysts wants to project the financial statements of a company in 2020. He has gathered the following information for 2019. Common Stock(P1 Current Assets: P70M Current Liabilities: P50M Sales: P200M par): P60M PPE: P110M Bank debts: P30M Retained Earnings: P40M Net income: P1OM Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is P210M. The company plans to pay P0.05 cash dividends per share in 2020. How much is the projected current assets in 2020? A P73,000,000 (B P71,000,000 P73,500,000 D P70,000,000
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