A firm has liabilities of ₱30,000 and owner’s capital of ₱90,000. Find the percentage of total liabilities to total assets. • A firm had owner’s capital of ₱150,000 in 2013 and ₱187,500 in 2014. Find the increase in owner’s capital from 2013 to 2014. • If long-term liabilities are ₱300,000 and total assets are ₱2,100,000, what percentage of total assets are long-term liabilities?
A firm has liabilities of ₱30,000 and owner’s capital of ₱90,000. Find the percentage of total liabilities to total assets. • A firm had owner’s capital of ₱150,000 in 2013 and ₱187,500 in 2014. Find the increase in owner’s capital from 2013 to 2014. • If long-term liabilities are ₱300,000 and total assets are ₱2,100,000, what percentage of total assets are long-term liabilities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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• A firm has liabilities of ₱30,000 and owner’s capital of ₱90,000. Find the percentage of total liabilities to total assets.
• A firm had owner’s capital of ₱150,000 in 2013 and ₱187,500 in 2014. Find the increase in owner’s capital from 2013 to 2014.
• If long-term liabilities are ₱300,000 and total assets are ₱2,100,000, what percentage of total assets are long-term liabilities?
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