Answered: ther than cash is Php 2,105. Fixed…

ther than cash is Php 2,105. Fixed assets are Php 15,190. How much cash does the company have? If current liabilities are Php 1,450, what are

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

9th Edition

ISBN:9781305635937

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 3DQ

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Problem 4.1 (Cash Equation) Corona Corporation has a book net worth of Php 10,380. Long term debt is Php 7,500. Net working capital, other than cash is Php 2,105. Fixed assets are Php 15,190. How much cash does the company have? If current liabilities are Php 1,450, what are current assets?

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