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Jojo, Inc as of yearend of 2019 has a Total Working Capital of Php 3,000,000 and with a current ratio of 2:1. Non-current asset balance
Jojo, Inc as of yearend of 2019 has a Total Working Capital of Php 3,000,000 and with a current ratio of 2:1. Non-current asset balance is Php 2,000,000 compromised of Fixed Asset. There is no long-term debt with debt ratio of only 0.25:1. Using Book Value Method, what is the minimum value it can sell the 15% of the business? a. Php 750,000 b. Php 550,000 c. Php 450,000 d. Php 400,000
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