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4. A firm had owner's capital of P150,000 in 2013 and P187,500 in 2013. The increase in owner's capital from 2013 to 2014 is a) 12.5 percent. 5. 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) 20 percent. c) 25 percent. d) 125 percent. b) 16.7 percent c) 12.5 percent d) 14.3 percent

4. A firm had owner's capital of P150,000 in 2013 and P187,500 in 2013. The increase in owner's capital from 2013 to 2014 is a) 12.5 percent. 5. 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) 20 percent. c) 25 percent. d) 125 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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Please answer 4 & 5

1. If current assets are P270,000 and total assets are P810,000, what percentage of total assets are current assets? a) 3.5 percent b) 30 percent c) 25 percent d) 33 percent 2. Comparing the amount of a balance sheet item in one year to the amount for the same item in a prior year is called a) common-size analysis. c) horizontal analysis. 3. A firm has liabilities of P30,000 and owner's capital of P90,000. The percentage of total liabilities to total assets is b) vertical analysis. d) ratio analysis. a) 25 percent. b) 20 percent. 4. A firm had owner's capital of P150,000 in 2013 and P187,500 in 2013. The increase in owner's capital from 2013 to 2014 is a) 12.5 percent. 5. 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 c) 50 percent. d) 75 percent. b) 20 percent. c) 25 percent. d) 125 percent. b) 16.7 percent c) 12.5 percent d) 14.3 percent
Transcribed Image Text:1. If current assets are P270,000 and total assets are P810,000, what percentage of total assets are current assets? a) 3.5 percent b) 30 percent c) 25 percent d) 33 percent 2. Comparing the amount of a balance sheet item in one year to the amount for the same item in a prior year is called a) common-size analysis. c) horizontal analysis. 3. A firm has liabilities of P30,000 and owner's capital of P90,000. The percentage of total liabilities to total assets is b) vertical analysis. d) ratio analysis. a) 25 percent. b) 20 percent. 4. A firm had owner's capital of P150,000 in 2013 and P187,500 in 2013. The increase in owner's capital from 2013 to 2014 is a) 12.5 percent. 5. 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 c) 50 percent. d) 75 percent. b) 20 percent. c) 25 percent. d) 125 percent. b) 16.7 percent c) 12.5 percent d) 14.3 percent
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