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Hello! I need help with this problems. I hope you can help me solve this. Thank you! 5. The following data were taken from the
Hello! I need help with this problems. I hope you can help me solve this. Thank you!
5. The following data were taken from the balance sheet of Haydee Company: Cash Marketable Securities Accounts Receivable (net) Merchandise Inventory P 92 000 50 000 122 000 273 500 Prepaid Expense Accounts Payable Accrued Liabilities P 12 500 175 000 45 000 Determine the following. Show solutions. a. Working Capital b. Current Ratio C. Acid Test Ratio What conclusions can be drawn from these data as to the company's ability to meet its Currently maturing debts? 6. The accounting records of Ching Company show the following data: 2015 2016 Units Sold Selling Price per Unit Cost per Unit 2 500 P 140 P80 4 000 P 125 P 70 Required: Prepare a statement accounting for the changes in sales, cost of sales and gross profit. 7. From the following information for the Sweet Corporation, prepare a statement of cash flows for the year ended December 31, 2015. Amortization of patent P 2200 Depreciation expense 7 000 Issuance of common stock 25 000 Issuance of new bonds payable 15 000 Net Income 44000 Payment of Dividends 22 500 Purchase of Equipment 33 200 Retirement of long term debt 45 000 Sale of land (no gain, no loss) 3 500 Net decrease in cash for the period 4000 3. Carreon Corp. was able to acquire second hand goods worth P 100,000 in an auction. The goods can be sold as is for P120 000 or reconditioned at a cost of P 30,000 and sold for P 170,000. a. Identify the irrelevant cost in this problem. b. What alternative should be chosen. c. What is the opportunity cost of reconditioning the goods
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