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Problem #1 (Adapted) The following data pertain to Charlie Company for the year ended December 31, 2018: Accounts Payable Accounts Receivable Accrued liabilities Cash

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Problem #1 (Adapted) The following data pertain to Charlie Company for the year ended December 31, 2018: Accounts Payable Accounts Receivable Accrued liabilities Cash Inventory Net Sales P35,000 70,000 25,000 85,000 45,000 250,000 Notes Payable (due in 2019) 40,000 Profit Trading Securities Total Assets 37,500 50,000 400,000 160,000 Total Liabilities Required: Compute the following. Show your soluation. A. Current ratio B. Acid test ratio C. Debt ratio D. Return on assets

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