10. If long-term liabilities are P300,000 and total assets are P2,100,000, what percentáge of tötal assets are 1ong. term liabilities? a. 7 percent b. 16.7 percent c. 12.5 percent d. 14.3 percent
10. If long-term liabilities are P300,000 and total assets are P2,100,000, what percentáge of tötal assets are 1ong. term liabilities? a. 7 percent b. 16.7 percent c. 12.5 percent d. 14.3 percent
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:10. If long-term liabilities are P300,000 and total assets are P2,100,000, what percentage of total assets are long-
term liabilities?
a. 7 percent
b. 16.7 percent
c. 12.5 percent
d. 14.3 percent
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