Ben Merchandise presented the following accounts for 2019 and 2018: P1,238,550.00 (current assets 2019) P1,097,570.00 (current assets 2018) P4,794,845.00 (total assets 2019) P3,975,500.00 (total assets 2018) In the common-size statement of financial position, what is the non-current assets for 2018? (A) 25.83% B 74.17% 72.39% D) 27.61%
Ben Merchandise presented the following accounts for 2019 and 2018: P1,238,550.00 (current assets 2019) P1,097,570.00 (current assets 2018) P4,794,845.00 (total assets 2019) P3,975,500.00 (total assets 2018) In the common-size statement of financial position, what is the non-current assets for 2018? (A) 25.83% B 74.17% 72.39% D) 27.61%
Ben Merchandise presented the following accounts for 2019 and 2018: P1,238,550.00 (current assets 2019) P1,097,570.00 (current assets 2018) P4,794,845.00 (total assets 2019) P3,975,500.00 (total assets 2018) In the common-size statement of financial position, what is the non-current assets for 2018? (A) 25.83% B 74.17% 72.39% D) 27.61%
In the common-size statement of financial position, what is the non-current assets for 2018?
Transcribed Image Text:Ben Merchandise presented the following accounts for 2019 and 2018:
P1,238,550.00 (current assets 2019)
P1,097,570.00 (current assets 2018)
P4,794,845.00 (total assets 2019)
P3,975,500.00 (total assets 2018)
In the common-size statement of financial position, what is the non-current assets for 2018?
A 25.83%
B
74.17%
c) 72.39%
D) 27.61%
Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
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