National Co. has the following relationships: P1,200,000.00 P 375,000.00 40.00 4.80 1.20 Annual sales Current liabilities Days sales outstanding (DSO) (365-day year)(based on AR, end) Inventory turnover ratio (based on sales) Current ratio The company's current assets consist of cash, inventories, and accounts receiv
National Co. has the following relationships: P1,200,000.00 P 375,000.00 40.00 4.80 1.20 Annual sales Current liabilities Days sales outstanding (DSO) (365-day year)(based on AR, end) Inventory turnover ratio (based on sales) Current ratio The company's current assets consist of cash, inventories, and accounts receiv
National Co. has the following relationships: P1,200,000.00 P 375,000.00 40.00 4.80 1.20 Annual sales Current liabilities Days sales outstanding (DSO) (365-day year)(based on AR, end) Inventory turnover ratio (based on sales) Current ratio The company's current assets consist of cash, inventories, and accounts receiv
How much cash does National have on its balance sheet?
Transcribed Image Text:National Co. has the following relationships:
P1,200,000.00
P 375,000.00
40.00
4.80
1.20
Annual sales
Current liabilities
Days sales outstanding (DSO) (365-day year)(based on AR, end)
Inventory turnover ratio (based on sales)
Current ratio
The company's current assets consist of cash, inventories, and accounts receivable.
Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
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