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Required: a. Compute the current ratio b. Quick ratio d. Asset turnover e. Average collection period c. Debt to total asset ratio

Required: a. Compute the current ratio b. Quick ratio d. Asset turnover e. Average collection period c. Debt to total asset ratio

Essentials Of Investments
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
Section: Chapter Questions
Problem 1PS
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Bryant Corporation Statement of Financial Position As of December 31, 2018 Assets P 50,000 280,000 240,000 380,000 Cash Accounts receivable Inventory Property, Plant and Equipment TOTAL ASSETS P 950,000 Liabilities and Owners' Equity Accounts payable Accrued taxes Bonds payable Common stock P 220,000 80,000 118,000 100,000 150,000 282,000 Paid-in capital Retained earnings Total liabilities and Owners' Equity P 950,000 Additional information: Assuming that the Net Sales of Bryant Corporation amounting to P1,200,000 and the sales per day is 12. Required: a. Compute the current ratio b. Quick ratio c. Debt to total asset ratio d. Asset turnover e. Average collection period
Transcribed Image Text:Bryant Corporation Statement of Financial Position As of December 31, 2018 Assets P 50,000 280,000 240,000 380,000 Cash Accounts receivable Inventory Property, Plant and Equipment TOTAL ASSETS P 950,000 Liabilities and Owners' Equity Accounts payable Accrued taxes Bonds payable Common stock P 220,000 80,000 118,000 100,000 150,000 282,000 Paid-in capital Retained earnings Total liabilities and Owners' Equity P 950,000 Additional information: Assuming that the Net Sales of Bryant Corporation amounting to P1,200,000 and the sales per day is 12. Required: a. Compute the current ratio b. Quick ratio c. Debt to total asset ratio d. Asset turnover e. Average collection period
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