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Brew Ha Coffee Shop had the following data from its December 31, 2021 financial statements: 123,000.00 38,500.00 15,000.00 32,200.00 Cash Accounts Receivable Pag-ibig Payable withholding Tax Payable Notes Payable due June 2019 Notes Payable due June 2020 Cash Sales 14,300.00 34,000.00 Marketabie Securities 10,000.00 50,000.00 Inventory Prepaid insurance Accounts Payable SSS Payable Phi Health Payable 12,000.00 285,000.00 290,000.00 78,000.00 Credit Sal es 23,000.00 12,000.00 Cost of Sales 209,100.00 The firm had Php. 37,500 for its accounts receivable and Php. 34,000 for the inventory on January 1. What is the firm's: (2 points each) 1. Total Current Assets? 2. Total Current iabilities? 3. Working Capital? 4. Current Ratio? 5. Total Quick assets? 6. Acid Test/Quick Assets Ratio? 7. Inventory turnover? 8. Number of days in inventory? (use 360 days) 9. Receivable turnover? 10. Number of days in receivable? (use 360 days)

Brew Ha Coffee Shop had the following data from its December 31, 2021 financial statements: 123,000.00 38,500.00 15,000.00 32,200.00 Cash Accounts Receivable Pag-ibig Payable withholding Tax Payable Notes Payable due June 2019 Notes Payable due June 2020 Cash Sales 14,300.00 34,000.00 Marketabie Securities 10,000.00 50,000.00 Inventory Prepaid insurance Accounts Payable SSS Payable Phi Health Payable 12,000.00 285,000.00 290,000.00 78,000.00 Credit Sal es 23,000.00 12,000.00 Cost of Sales 209,100.00 The firm had Php. 37,500 for its accounts receivable and Php. 34,000 for the inventory on January 1. What is the firm's: (2 points each) 1. Total Current Assets? 2. Total Current iabilities? 3. Working Capital? 4. Current Ratio? 5. Total Quick assets? 6. Acid Test/Quick Assets Ratio? 7. Inventory turnover? 8. Number of days in inventory? (use 360 days) 9. Receivable turnover? 10. Number of days in receivable? (use 360 days)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Brew Ha Coffee Shop had the following data from its December 31, 2021 financial statements: Cash Accounts Receivable 123,000.00 Pag-ibig Payable Withholding Tax Payable Notes Payable due June 2019 Notes Payable due June 2020 Cash Sales 14,300.00 38,500.00 34,000.00 Marketable Securities 15,000.00 10,000.00 Inventory Prepaid Insurance Accounts Payable SSS Payable Phil Health Payable 32,200.00 50,000.00 12,000.00 285,000.00 78,000.00 Credit Sales 290,000.00 23,000.00 12,000.00 Cost of Sales 209,100.00 The firm had Php. 37,500 for its accounts receivable and Php. 34,000 for the inventory on January 1. What is the firm's: (2 points each) 1. Total Current Assets? 6. Acid Test/Quick Assets Ratio? 7. Inventory turnover? 8. Number of days in inventory? (use 360 days) 9. Receivable turnover? 10. Number of days in receivable? (use 360 days) 2. Total Current iabilities? 3. Working Capital? 4. Current Ratio? 5. Total Quick assets?
Transcribed Image Text:Brew Ha Coffee Shop had the following data from its December 31, 2021 financial statements: Cash Accounts Receivable 123,000.00 Pag-ibig Payable Withholding Tax Payable Notes Payable due June 2019 Notes Payable due June 2020 Cash Sales 14,300.00 38,500.00 34,000.00 Marketable Securities 15,000.00 10,000.00 Inventory Prepaid Insurance Accounts Payable SSS Payable Phil Health Payable 32,200.00 50,000.00 12,000.00 285,000.00 78,000.00 Credit Sales 290,000.00 23,000.00 12,000.00 Cost of Sales 209,100.00 The firm had Php. 37,500 for its accounts receivable and Php. 34,000 for the inventory on January 1. What is the firm's: (2 points each) 1. Total Current Assets? 6. Acid Test/Quick Assets Ratio? 7. Inventory turnover? 8. Number of days in inventory? (use 360 days) 9. Receivable turnover? 10. Number of days in receivable? (use 360 days) 2. Total Current iabilities? 3. Working Capital? 4. Current Ratio? 5. Total Quick assets?
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