Answer to Question #255232 in Accounting for samantha

Question

STATEMENT OF FINANCIAL POSITION

Accounts Payable ₱ 600,000

Unearned Revenue 1,210,000

Salaries Payable- current 120,000

Owner’s Withdrawals 280,000

Owner’s Capital 1,500,000

Comprehensive Income 3,000,000

Total Current Assets 80% of total liabilities

Cash 250,000

Inventories 480,000

Prepaid Expenses 600,000

Property, Plant and Equipment 5,166,000

Accounts Receivable 214,000

Look for:

A. CURRENT RATION

B. QUICK RATIO

C. CURRENT ASSETS TO WORKING CAPITAL

D. DEFENSIVE INTERVAL RATIO

E. DEBT TO EQUITY RATIO

F. EQUITY TO DEBT RATIO

G. DEBT RATIO

H. EQUITY RATIO

Answer 1

Dear samantha, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order