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ESS Company's current liabilities are P50,000, its long-term liabilities are P150,000, and its working capital is P80,000. If ESS Company's debt-to equity ratio is 032, Its total long- term assets must equal: A P625,000 8. B. P745,000 C P825,000 D. P695,000

ESS Company's current liabilities are P50,000, its long-term liabilities are P150,000, and its working capital is P80,000. If ESS Company's debt-to equity ratio is 032, Its total long- term assets must equal: A P625,000 8. B. P745,000 C P825,000 D. P695,000

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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8. ESS Company's current llablilities are P50,000, its long-term liabilities are P150,000, and its working capital is P80,000. If ESS Company's debt-to-equity ratio is 0 32, Its total long- term assets must equal: A. P625,000 B. P745,000 C P825,000 D. P695,000
Transcribed Image Text:8. ESS Company's current llablilities are P50,000, its long-term liabilities are P150,000, and its working capital is P80,000. If ESS Company's debt-to-equity ratio is 0 32, Its total long- term assets must equal: A. P625,000 B. P745,000 C P825,000 D. P695,000
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