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How much is the Current Liabilities?How much is the total Non-current Assets?How much is the Long term Loans? How much is the Marketable Securities? How much is the Operating Expenses? Comprehensive Problem: The following are the details of the Financial Statement for the year ended 12/31/2020 are as follows: Gross Profit ratio i1 30% Cost of Sales = 700,000

Accounting Jan 28, 2021

How much is the Current Liabilities?How much is the total Non-current Assets?How much is the Long term Loans?

How much is the Marketable Securities?

How much is the Operating Expenses?

Comprehensive Problem: The following are the details of the Financial Statement for the year ended 12/31/2020 are as follows: Gross Profit ratio i1 30% Cost of Sales = 700,000.00 Non- Current Liabilities is composed of Long term loans with an effective rate of 8% per annum. Supplies is 25% of Merchandise Inventory and is greater than Prepaid rent by Php 10,000.00 Marketable Securities is ???? Tax rate is 30% Times Interest Earned ratio 11.5x Net Profit ratio F 14.7% Total Equity Php 900,000.00 Equity Ratio E 45% Current Ratio 0.75 X Inventory Turnover 5x Accounts Receivable Turnover 5x Cash = Php 50,000.00 The company started its operations last July 1, 2020.

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