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7. AHR Company has provided the following data: Inventory and prepaid expenses, P35,000, Current ratio, 2.2, Acid-test ratio 1.5. AHR Company's current liabilities were: A. P40,000 P50,000 B. C P63,000 D. P44,100

7. AHR Company has provided the following data: Inventory and prepaid expenses, P35,000, Current ratio, 2.2, Acid-test ratio 1.5. AHR Company's current liabilities were: A. P40,000 P50,000 B. C P63,000 D. P44,100

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
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7. AHR Company has provided the following data: Inventory and prepaid expenses, P35,000, Current ratio, 2.2, Acid-test ratio 1.5. AHR Company's current liabilities were: A. P40,000 B. PS0,000 C P63,000 D. P44,100 8 ESS Company's current llablitiles are P50,000, its long-term liabilities are P150,000, and its working capital is P80,000. If ESS Company's debt-to-equity ratio is 0.32, its total long-term assets must equal: A. P625,000 P745,000 P825,000 P695,000 B. D.
Transcribed Image Text:7. AHR Company has provided the following data: Inventory and prepaid expenses, P35,000, Current ratio, 2.2, Acid-test ratio 1.5. AHR Company's current liabilities were: A. P40,000 B. PS0,000 C P63,000 D. P44,100 8 ESS Company's current llablitiles are P50,000, its long-term liabilities are P150,000, and its working capital is P80,000. If ESS Company's debt-to-equity ratio is 0.32, its total long-term assets must equal: A. P625,000 P745,000 P825,000 P695,000 B. D.
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