On December 31, 2014, Berzerker Company's current liabilities totaled P470,000 and noncurrent liabilities totaled P550,000. Working capital at December 31, 2014 is equal to P100,000. If the debt-to-equity ratio is 0.30 to 1, what was the amount of noncurrent assets? A. 4,420,000 В. 3,850,000 C. 3,300,000 D. 2,830,000

On December 31, 2014, Berzerker Company's current liabilities totaled P470,000 and noncurrent liabilities totaled P550,000. Working capital at December 31, 2014 is equal to P100,000. If the debt-to-equity ratio is 0.30 to 1, what was the amount of noncurrent assets? A. 4,420,000 В. 3,850,000 C. 3,300,000 D. 2,830,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 23MCQ

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