PIZZA Parlor Co had the following available information: Accounts receivable P200,000 Accounts payable P80,000 Bonds payable, due in 10 years P300,000 Cash P100,000 Interest payable, due in 3 months P10,000 Inventory P400,000 Land P250,000 Notes payable, due in 6 months P50,000 Prepaid expenses P40,000 Operating cycle 5 months The current ratio of PIZZA Parlor Co is a. 1.68 b. 2.14 c. 5.0 d. 5.29

PIZZA Parlor Co had the following available information: Accounts receivable P200,000 Accounts payable P80,000 Bonds payable, due in 10 years P300,000 Cash P100,000 Interest payable, due in 3 months P10,000 Inventory P400,000 Land P250,000 Notes payable, due in 6 months P50,000 Prepaid expenses P40,000 Operating cycle 5 months The current ratio of PIZZA Parlor Co is a. 1.68 b. 2.14 c. 5.0 d. 5.29

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 12EA: Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank...

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asap PIZZA Parlor Co had the following available information: Accounts receivable P200,000 Accounts payable P80,000 Bonds payable, due in 10 years P300,000 Cash P100,000 Interest payable, due in 3 months P10,000 Inventory P400,000 Land P250,000 Notes payable, due in 6 months P50,000 Prepaid expenses P40,000 Operating cycle 5 months The current ratio of PIZZA Parlor Co is a. 1.68 b. 2.14 c. 5.0 d. 5.29 What is the company’s quick ratio? a. 0.68 b. 1.68 c. 2.14 d.2.31
PIZZA Parlor Co had the following available information: Accounts receivable P200,000 Accounts payable P80,000 Bonds payable, due in 10 years P300,000 Cash P100,000 Interest payable, due in 3 months P10,000 Inventory P400,000 Land P250,000 Notes payable, due in 6 months P50,000 Prepaid expenses P40,000 Operating cycle 5 months The current ratio of PIZZA Parlor Co is a. 1.68 b. 2.14 c. 5.0 d. 5.29 What is the company’s quick ratio? a. 0.68 b. 1.68 c. 2.14 d.2.31