XYZ Corporation had the following data in 2022 below: Total assets = P300,000 Gross profit margin = 25% Quick ratio = 0.80 x Bond payable = P60,000 Days sales outstanding = 36 days Debt ratio = 50% Retained earnings = P97,500 Times interest earned= 6 x Inventory turnover = 5 x Total assets turnover = 1.5 x No. of days in a year = 360 days Tax rate = 35% Compute the total liabilities.
XYZ Corporation had the following data in 2022 below: Total assets = P300,000 Gross profit margin = 25% Quick ratio = 0.80 x Bond payable = P60,000 Days sales outstanding = 36 days Debt ratio = 50% Retained earnings = P97,500 Times interest earned= 6 x Inventory turnover = 5 x Total assets turnover = 1.5 x No. of days in a year = 360 days Tax rate = 35% Compute the total liabilities.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...
Related questions
Question
XYZ Corporation had the following data in 2022 below:
Total assets = P300,000
Gross profit margin = 25%
Quick ratio = 0.80 x
Bond payable = P60,000
Days sales outstanding = 36 days
Debt ratio = 50%
Times interest earned= 6 x
Inventory turnover = 5 x
Total assets turnover = 1.5 x
No. of days in a year = 360 days
Tax rate = 35%
Compute the total liabilities.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT