9. Hercules Company reported the following balances as of December 31, 2019: Current assets Non-current assets Current liabilities Non-current liabilities Outstanding ordinary shares In 2020, analytics showed that current assets increased by 25%, non-200 current assets increased by 20% and current liabilities by 10%. Half of the non-current liabilities were also paid. At the beginning of 2020, additional 250,000 shares were issued by Hercules Company. Php 750,000 1,400,000 400,000 500,000 1,000,000 shares How much is the book value of Hercules Company as of December 31, 2019? a. Php1,250,000 b. Php1,650,000 c. Php2,150,000 d. Php3,050,000 10. Refer to Hercules Company. How much is the book value per share in 2019? a. Php3.05 b. Php2.15 c. Php1.65 d. Php1.25
9. Hercules Company reported the following balances as of December 31, 2019: Current assets Non-current assets Current liabilities Non-current liabilities Outstanding ordinary shares In 2020, analytics showed that current assets increased by 25%, non-200 current assets increased by 20% and current liabilities by 10%. Half of the non-current liabilities were also paid. At the beginning of 2020, additional 250,000 shares were issued by Hercules Company. Php 750,000 1,400,000 400,000 500,000 1,000,000 shares How much is the book value of Hercules Company as of December 31, 2019? a. Php1,250,000 b. Php1,650,000 c. Php2,150,000 d. Php3,050,000 10. Refer to Hercules Company. How much is the book value per share in 2019? a. Php3.05 b. Php2.15 c. Php1.65 d. Php1.25
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:9. Hercules Company reported the following balances as of December Ind
31, 2019:
Current assets
Non-current assets
Current liabilities
Non-current liabilities
Outstanding ordinary shares
Php 750,000
In 2020, analytics showed that current assets increased by 25%, non-200
current assets increased by 20% and current liabilities by 10%. Half of
the non-current liabilities were also paid. At the beginning of 2020,
additional 250,000 shares were issued by Hercules Company.
a. Php1,250,000
b. Php1,650,000
c. Php2,150,000
d. Php3,050,000
1,400,000 b
400,000 TO
500,000
1,000,000 shares hold
How much is the book value of Hercules Company as of December
31, 2019?
a. Php3.05
b. Php2.15
c. Php1.65
d. Php1.25
10. Refer to Hercules Company. How much is the book value per
share in 2019?
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