· An analysts wants to project the financial statements of a company in 2020. He has gathered the following information for 2019. Common Stock(P1 par): P60M Current Assets: P70M Current Liabilities: P50M Sales: P200M PPE: P110M Bank debts: P30M Retained Earnings: P40M Net income: P10M let income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is P210M. he company plans to pay P0.05 cash dividends per share in 2020. Vhat is the projected current liabilities for 2020?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is ₱210M. The company plans to pay ₱0.05 cash dividends per share in 2020.

What is the projected current liabilities for 2020?

• An analysts wants to project the financial statements of a company in 2020. He has gathered the following
information for 2019.
Common Stock(P1
Current Assets: P70M
Current Liabilities: P50M
Sales: P200M
par): P60M
PPE: P110M
Bank debts: P30M
Retained Earnings: P40M
Net income: P1OM
Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is P210M.
The company plans to pay P0.05 cash dividends per share in 2020.
What is the projected current liabilities for 2020?
A P60,000,000
B P62,500,000
c) P50,000,000
P52,500,000
Transcribed Image Text:• An analysts wants to project the financial statements of a company in 2020. He has gathered the following information for 2019. Common Stock(P1 Current Assets: P70M Current Liabilities: P50M Sales: P200M par): P60M PPE: P110M Bank debts: P30M Retained Earnings: P40M Net income: P1OM Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is P210M. The company plans to pay P0.05 cash dividends per share in 2020. What is the projected current liabilities for 2020? A P60,000,000 B P62,500,000 c) P50,000,000 P52,500,000
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