10. A mutual fund has total assets of P680M and total liabilitiesof P38M. If the company has 545,000 outstanding shares andyou plan to invest money worth P1.5M, how many shares .8should you receive?ulev sosts diiw llid yauaROTTIysb-00thly

Net assets of mutual fund = Total assets - Total liabilities = 680M - 38M = 642M

Answered: A mutual fund has total assets of P680M…

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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A mutual fund has total assets of P680M and total liabilities of P38M. If the company has 545,000 outstanding shares and you plan to invest money worth P1.5M, how many shares .8 should you receive? lev sost s diiw llidraue sb-00hly