2. Cane Company shows the following data: a. b. C. ● Long-term liabilities Owner's Equity Non-current Assets Inventory Cash Marketable Securities Receivables 2014 P2,000,000 1,500,000 2,500,000 500,000 200,000 900,000 500,000 Compute for the current ratio of Cane Company for 2014. Compute for the quick ratio of Cane Company for 2014. Assuming a net income of $200,000 for 2014: Compute for return on assets. Compute for return on equity. 2013 P1,500,000 800,000 1,250,000 300,000 50,000 1,000,000 75,000
2. Cane Company shows the following data: a. b. C. ● Long-term liabilities Owner's Equity Non-current Assets Inventory Cash Marketable Securities Receivables 2014 P2,000,000 1,500,000 2,500,000 500,000 200,000 900,000 500,000 Compute for the current ratio of Cane Company for 2014. Compute for the quick ratio of Cane Company for 2014. Assuming a net income of $200,000 for 2014: Compute for return on assets. Compute for return on equity. 2013 P1,500,000 800,000 1,250,000 300,000 50,000 1,000,000 75,000
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 2EP
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