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ABC COMPANY In 2X20, ABC Company has the following data on its statement of financial position: • Cash – P15,000,000 • Marketable securities – P20,000,000 • Property, plant, and equipment – P30,000,000 • Long-term debt – P36,000,0000 • Inventory – P25,000,000 • Short-term debt – P15,000,000 • Accounts payable – P15,000,0000 During the year, the company reported a P12,000,000 of net income. The company’s total asset in the previous year was P60,000,000. Requirement: Compute for the ff. 1. Current assets 2. Current liabilities 3. Current ratio 4. Debt to asset ratio 5. Return on assets

ABC COMPANY In 2X20, ABC Company has the following data on its statement of financial position: • Cash – P15,000,000 • Marketable securities – P20,000,000 • Property, plant, and equipment – P30,000,000 • Long-term debt – P36,000,0000 • Inventory – P25,000,000 • Short-term debt – P15,000,000 • Accounts payable – P15,000,0000 During the year, the company reported a P12,000,000 of net income. The company’s total asset in the previous year was P60,000,000. Requirement: Compute for the ff. 1. Current assets 2. Current liabilities 3. Current ratio 4. Debt to asset ratio 5. Return on assets

FINANCIAL ACCOUNTING
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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ABC COMPANY In 2X20, ABC Company has the following data on its statement of financial position: • Cash – P15,000,000 • Marketable securities – P20,000,000 • Property, plant, and equipment – P30,000,000 • Long-term debt – P36,000,0000 • Inventory – P25,000,000 • Short-term debt – P15,000,000 • Accounts payable – P15,000,0000 During the year, the company reported a P12,000,000 of net income. The company’s total asset in the previous year was P60,000,000. Requirement: Compute for the ff. 1. Current assets 2. Current liabilities 3. Current ratio 4. Debt to asset ratio 5. Return on assets
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