4. Your financial analyst has computed your your firm's current ratio by dividing the current assets by the current liabilities. Based on her computations, the firm's current ratio is 3 :5 to 1. What is the value of your firm's current assets if the current liabilities reflected at end of the year firm amount to P 150, 000 ? Assets Liabiltties

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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please help me solve this equation

4. Your financial analyst has computed your
your firm's current ratio by dividing
the current assets by the current liabilities.
firm
Based on her computations, the firm's
current ratio is 3 :5 to 1. What is the value
of your firm's current assets if the current
liabilities reflected at end of the year
amount to P 150, 000 ?
Assets
Liabiltties
"BILL
Transcribed Image Text:4. Your financial analyst has computed your your firm's current ratio by dividing the current assets by the current liabilities. firm Based on her computations, the firm's current ratio is 3 :5 to 1. What is the value of your firm's current assets if the current liabilities reflected at end of the year amount to P 150, 000 ? Assets Liabiltties "BILL
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