Activity 8-2. Liquidity Ratios The following information was taken from the statement of financial position of Blakes Corporation: P13,750 33,500 40,000 9,820 25,100 2,100 Cash Accounts Receivable (net) Merchandise Inventory Prepaid Expenses Accounts Payable Accrued Expenses Required: Calculate the working capital, current ratio and quick ratio.

Activity 8-2. Liquidity Ratios The following information was taken from the statement of financial position of Blakes Corporation: P13,750 33,500 40,000 9,820 25,100 2,100 Cash Accounts Receivable (net) Merchandise Inventory Prepaid Expenses Accounts Payable Accrued Expenses Required: Calculate the working capital, current ratio and quick ratio.

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Description: Activity 8-2. Liquidity RatiosThe following information was taken from the statement of financial position ofBlakes Corporation:P13,75033,50040,0009,82025,1002,100CashAccounts Receivable (net)Merchandise InventoryPrepaid ExpensesAccounts PayableAccr

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Activity 8-2. Liquidity Ratios
The following information was taken from the statement of financial position of
Blakes Corporation:
P13,750
33,500
40,000
9,820
25,100
2,100
Cash
Accounts Receivable (net)
Merchandise Inventory
Prepaid Expenses
Accounts Payable
Accrued Expenses
Required: Calculate the working capital, current ratio and quick ratio.

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