Love Company has current assets of P400,000 including inventory of P160,000 and a quick ratio of 2:1. Based on available data, how much is the current liabilities?
Love Company has current assets of P400,000 including inventory of P160,000 and a quick ratio of 2:1. Based on available data, how much is the current liabilities?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Love Company has current assets of P400,000 including inventory of P160,000 and a quick ratio of 2:1. Based on available data, how much is the current liabilities?
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