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PIZZA Parlor Co had the following available information: Accounts receivable P200,000 Accounts payable P80,000 Bonds payable, due in 10 years P300,000 Cash P100,000 Interest payable, due in 3 months P10,000 Inventory P400,000 Land P250,000 Notes payable, due in 6 months P50,000 Prepaid expenses P40,000 Operating cycle 5 months The current ratio of PIZZA Parlor Co is a. 1.68 b. 2.14 c. 5.0 d. 5.29

PIZZA Parlor Co had the following available information: Accounts receivable P200,000 Accounts payable P80,000 Bonds payable, due in 10 years P300,000 Cash P100,000 Interest payable, due in 3 months P10,000 Inventory P400,000 Land P250,000 Notes payable, due in 6 months P50,000 Prepaid expenses P40,000 Operating cycle 5 months The current ratio of PIZZA Parlor Co is a. 1.68 b. 2.14 c. 5.0 d. 5.29

FINANCIAL ACCOUNTING
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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PIZZA Parlor Co had the following available information: Accounts receivable P200,000 Accounts payable P80,000 Bonds payable, due in 10 years P300,000 Cash P100,000 Interest payable, due in 3 months P10,000 Inventory P400,000 Land P250,000 Notes payable, due in 6 months P50,000 Prepaid expenses P40,000 Operating cycle 5 months

The current ratio of PIZZA Parlor Co is

a. 1.68

b. 2.14

c. 5.0

d. 5.29

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