It and the owner's residual interests. per We shall learn more about SFP in this module. • PRE-ACTIVITY Ort Activity #1: Moriarti Trading Below are the accounts of Moriati Trading for the year ended December 31, 2015 150,000 105,000 930,000 750,000 Accounts Payable Account Receivable Capital Cash 337,000 525,000 412,500 er Inventories loos Notes Payable Property and Equipment Instructions: Prepare a statement of financial position and label its parts. h After which, answer the following questions. a) How much is the total current asset of the entity? b) How much is the total non-current assets of the entity? c) How much is the total current liabilities of the entity? d) How much is the total non-current liabilities of the entity?wn e) How much is the total assets of the entity? ) How much is the ratio of the current assets to the current liabilities?
It and the owner's residual interests. per We shall learn more about SFP in this module. • PRE-ACTIVITY Ort Activity #1: Moriarti Trading Below are the accounts of Moriati Trading for the year ended December 31, 2015 150,000 105,000 930,000 750,000 Accounts Payable Account Receivable Capital Cash 337,000 525,000 412,500 er Inventories loos Notes Payable Property and Equipment Instructions: Prepare a statement of financial position and label its parts. h After which, answer the following questions. a) How much is the total current asset of the entity? b) How much is the total non-current assets of the entity? c) How much is the total current liabilities of the entity? d) How much is the total non-current liabilities of the entity?wn e) How much is the total assets of the entity? ) How much is the ratio of the current assets to the current liabilities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Using SFP
Transcribed Image Text:It and the owner's residual interests.
per
We shall learn more about SFP in this module.
• PRE-ACTIVITY
Ort
Activity #1: Moriarti Trading
Below are the accounts of Moriati Trading for the year ended December 31, 2015
150,000
105,000
930,000
750,000
Accounts Payable
Account Receivable
Capital
Cash
337,000
525,000
412,500
er
Inventories
loos
Notes Payable
Property and Equipment
Instructions: Prepare a statement of financial position and label its parts. h
After which, answer the following questions.
a) How much is the total current asset of the entity?
b) How much is the total non-current assets of the entity?
c) How much is the total current liabilities of the entity?
d) How much is the total non-current liabilities of the entity?wn
e) How much is the total assets of the entity?
) How much is the ratio of the current assets to the current liabilities?
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