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The Balance Sheet XYZ Corporation as of Dec. 31, 2022 has the following information: P4,500 Cash Accounts Receivable Inventories Total Current Assets Net Fixed Assets Total Assets 3. 4. 5. 6. 7. 8. Accounts Payable Notes Payable Accruals Other Information (2022 values) 1. Sales totaled P120,000 2. The gross profit margin was 30 percent. Inventory turnover was 3.0. Total Current Liab. Long-Term Debt Stockholders' Equity Total Liab & S.E. The total asset turnover was 1.13. The debt ratio was 53.8 percent. There are 360 days in the year. The average collection period was 65 days. The current ratio was 2.40. P10,000 1,000

The Balance Sheet XYZ Corporation as of Dec. 31, 2022 has the following information: P4,500 Cash Accounts Receivable Inventories Total Current Assets Net Fixed Assets Total Assets 3. 4. 5. 6. 7. 8. Accounts Payable Notes Payable Accruals Other Information (2022 values) 1. Sales totaled P120,000 2. The gross profit margin was 30 percent. Inventory turnover was 3.0. Total Current Liab. Long-Term Debt Stockholders' Equity Total Liab & S.E. The total asset turnover was 1.13. The debt ratio was 53.8 percent. There are 360 days in the year. The average collection period was 65 days. The current ratio was 2.40. P10,000 1,000

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
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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The Balance Sheet XYZ Corporation as of Dec. 31, 2022 has the following information: P4,500 Cash Accounts Receivable Accounts Payable Notes Payable Accruals Inventories Total Current Assets Net Fixed Assets Total Assets Total Current Liab. Long-Term Debt Stockholders' Equity Total Liab. & S.E. Other Information (2022 values) 1. Sales totaled P120,000 2. The gross profit margin was 30 percent. Inventory turnover was 3.0. 3. 4. 5. 6. 7. 8. There are 360 days in the year. The average collection period was 65 days. The current ratio was 2.40. The total asset turnover was 1.13. The debt ratio was 53.8 percent. P10,000 1,000
Transcribed Image Text:The Balance Sheet XYZ Corporation as of Dec. 31, 2022 has the following information: P4,500 Cash Accounts Receivable Accounts Payable Notes Payable Accruals Inventories Total Current Assets Net Fixed Assets Total Assets Total Current Liab. Long-Term Debt Stockholders' Equity Total Liab. & S.E. Other Information (2022 values) 1. Sales totaled P120,000 2. The gross profit margin was 30 percent. Inventory turnover was 3.0. 3. 4. 5. 6. 7. 8. There are 360 days in the year. The average collection period was 65 days. The current ratio was 2.40. The total asset turnover was 1.13. The debt ratio was 53.8 percent. P10,000 1,000
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