Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is ₱210M. The company plans to pay ₱0.05 cash dividends per share in 2020.How much is the projected current assets in 2020? ₱73,000,000 ₱71,000,000 ₱73,500,000 ₱70,000,000 An analysts wants to project the financial statements of a company in 2020. He has gathered the following information for 2019.Common Stock(P1Current Assets: P70MCurrent Liabilities: P50MSales: P200Mpar): P60MPPE: P110MBank debts: P30MRetained Earnings: P40MNet income: P1OMNet income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is P210M.The company plans to pay P0.05 cash dividends per share in 2020.How much is the projected current assets in 2020?A P73,000,000(B P71,000,000P73,500,000D P70,000,000

As the current assets vary with sales then the expected current assets are based on the change in…

Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is ₱210M. The company plans to pay ₱0.05 cash dividends per share in 2020. How much is the projected current assets in 2020? ₱73,000,000 ₱71,000,000 ₱73,500,000 ₱70,000,000

Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is ₱210M. The company plans to pay ₱0.05 cash dividends per share in 2020. How much is the projected current assets in 2020? ₱73,000,000 ₱71,000,000 ₱73,500,000 ₱70,000,000

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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