On December 31, 2014, Berzerker Company's current liabilities totaled P470,000 and noncurrent liabilities totaled P550,000. Working capital at December 31, 2014 is equal to P100,000. If the debt-to-equity ratio is 0.30 to 1, what was the amount of noncurrent assets? A. 4,420,000 В. 3,850,000 C. 3,300,000 D. 2,830,000

On December 31, 2014, Berzerker Company's current liabilities totaled P470,000 and noncurrent liabilities totaled P550,000. Working capital at December 31, 2014 is equal to P100,000. If the debt-to-equity ratio is 0.30 to 1, what was the amount of noncurrent assets? A. 4,420,000 В. 3,850,000 C. 3,300,000 D. 2,830,000

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1STP

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