*Required Problem Solving Using the details of Suga Company above:lf the Debt-to-Equity ratio for December 31 balances is 40%, with total liabilities of P2,000,000, how much is the total assets at the beginning of the year? * eg 100000 or (100000) Suga Company reported the following changes in the account balances for the current year: Increase (Decrease) Cash 800,000 Accounts receivable 250,000 Merchandise inventory 1,250,000 Property, Plant & Equipment (500,000) Accounts payable (400.000) Notes payable 900,000 Net income and additional investment by the owner are
*Required Problem Solving Using the details of Suga Company above:lf the Debt-to-Equity ratio for December 31 balances is 40%, with total liabilities of P2,000,000, how much is the total assets at the beginning of the year? * eg 100000 or (100000) Suga Company reported the following changes in the account balances for the current year: Increase (Decrease) Cash 800,000 Accounts receivable 250,000 Merchandise inventory 1,250,000 Property, Plant & Equipment (500,000) Accounts payable (400.000) Notes payable 900,000 Net income and additional investment by the owner are
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Problem Solving
Using the details of Suga Company above:If the Debt-to-Equity ratio for
December 31 balances is 40%, with total liabilities of P2,000,000, how much is
the total assets at the beginning of the year? *
eg 100000 or (100000)
Suga Company reported the following changes in the
account balances for the current year:
Increase
(Decrease)
800,000
Cash
Accounts receivabie
250,000
Merchandise inventory
1,250,000
Property, Plant & Equipment
Accounts payable
(500,000)
(400,000)
Notes payable
900,000
Net income and additional investment by the owner are
S00,000 and P1,300,000, respectively.
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