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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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