In 2x20, ABC Company has the following data on its statement of financial position: Cash - 15,000,000 Marketable Securities - 20,000,000 Property, Plant, Equipment - 30,000,000 Long term debt - 36,000,000 Inventory - 25,000,000 Short term debt - 15,000,000 Accounts payable - 15,000,000 During thi syar, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000. Requirement: Compute fir: 1. Current assets 2. Current liabilities 3. Current ratio
In 2x20, ABC Company has the following data on its statement of financial position: Cash - 15,000,000 Marketable Securities - 20,000,000 Property, Plant, Equipment - 30,000,000 Long term debt - 36,000,000 Inventory - 25,000,000 Short term debt - 15,000,000 Accounts payable - 15,000,000 During thi syar, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000. Requirement: Compute fir: 1. Current assets 2. Current liabilities 3. Current ratio
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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In 2x20, ABC Company has the following data on its
Cash - 15,000,000
Marketable Securities - 20,000,000
Property, Plant, Equipment - 30,000,000
Long term debt - 36,000,000
Inventory - 25,000,000
Short term debt - 15,000,000
Accounts payable - 15,000,000
During thi syar, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000.
Requirement: Compute fir:
1. Current assets
2. Current liabilities
3.
4. Debt to asset ratio
5. Return on assets
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