May I ask for an explanation and solution to the question for a better understanding. Thank you! 11. What is the amount of Sculler's working capital at December 31, 2021?   a. P41,000 b. P45,000 c. P50,000 d. P91,000

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
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May I ask for an explanation and solution to the question for a better understanding. Thank you!

11. What is the amount of Sculler's working capital at December 31, 2021?
 
a. P41,000
b. P45,000
c. P50,000
d. P91,000
ADDITIONAL EXERCISES
1. Sculler Company is calculating its ratios relating to debt-paying ability for the year ended
December 31, 2021 Here is the relevant information:
Sales revenue
P125,000
75, 000
20, 000
6, 000
9, 000
Cost of goods sold expense
Interest expense
Income tax expense
Net income
December 1, 2021
December 31, 2021
Cash
P10, 000
P16, 000
15, 000
60, 000
28, 000
13, 000
Accounts receivable
25, 000
Inventory
45, 000
Accounts payable
Taxes payable
24, 000
11, 000
Transcribed Image Text:ADDITIONAL EXERCISES 1. Sculler Company is calculating its ratios relating to debt-paying ability for the year ended December 31, 2021 Here is the relevant information: Sales revenue P125,000 75, 000 20, 000 6, 000 9, 000 Cost of goods sold expense Interest expense Income tax expense Net income December 1, 2021 December 31, 2021 Cash P10, 000 P16, 000 15, 000 60, 000 28, 000 13, 000 Accounts receivable 25, 000 Inventory 45, 000 Accounts payable Taxes payable 24, 000 11, 000
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