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Bulldogs Inc. has a total asset balance composed of 30% current and 70% non-current. The total amount of liabilities that will due within one year is P1,200,000 and it accounts for the 40% of all the liabilities of the company. If the equity ratio of Bulldogs Inc. is 75%, how much is the total assets of the company? *

Bulldogs Inc. has a total asset balance composed of 30% current and 70% non-current. The total amount of liabilities that will due within one year is P1,200,000 and it accounts for the 40% of all the liabilities of the company. If the equity ratio of Bulldogs Inc. is 75%, how much is the total assets of the company? *

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bulldogs Inc. has a total asset balance composed of 30% current and 70% non-current. The total amount of liabilities that will due within one year is P1,200,000 and it accounts for the 40% of all the liabilities of the company. If the equity ratio of Bulldogs Inc. is 75%, how much is the total assets of the company? * G
Transcribed Image Text:Bulldogs Inc. has a total asset balance composed of 30% current and 70% non-current. The total amount of liabilities that will due within one year is P1,200,000 and it accounts for the 40% of all the liabilities of the company. If the equity ratio of Bulldogs Inc. is 75%, how much is the total assets of the company? * G
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