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
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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PIZZA Parlor Co had the following available information:
The
a. 1.68
b. 2.14
c. 5.0
d. 5.29
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