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Name: 1. If current assets amounted to P600,000 and current liabilities amou
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Description: 1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity? *a. P800,000b. P400,000c. 3d. 1/33. If net sales is P200,000 and the average accounts receivable is P50,000, what is the

Business

Accounting

1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity? * a. P800,000 b. P400,000 c. 3 d. 1/3

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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Find the following using the data bellow Accounts receivable = 111,100,000 Current assets = 316,500,000 Total assets = 600,000,000 A. Return on assets B. Common equity C .Quick ratio
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