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Use the following information for numbers 4 to 7: Hercules Company reported the following balances as of December 31, 2019: Current assets P750,000 Noncurrent assets
Use the following information for numbers 4 to 7: Hercules Company reported the following balances as of December 31, 2019: Current assets P750,000 Noncurrent assets 1,400,000 Current liabilities 400,000 Noncurrent liabilities 500,000 Outstanding ordinary shares 1,000,000 shares In 2020, analytics showed the current assets increased by 25%, noncurrent assets increased by 20% and current liabilities by 10%. Half of the noncurrent liabilities were also paid. At the beginning of 2020, additional 250,000 shares were issued. 4. How much is the book value of Hercules as of December 31, 2019? 5. How much is the book value per share of Hercules as of December 31, 2019? 6. How much is the net working capital of Hercules as of December 31, 2020? 7. How much is the book value per share of Hercules as of December 31, 2020?Use the following information for numbers 8 to 11: As of December 31 , 2021, Cocoa Corporation reported the following items in its balance sheet: Cash P240000 Receivables 520,000 Inventory 350,000 Property & Plant 3,000,000 Equipment 850,000 Accounts payable 400,000 Notes payable 500,000 Long term debt 1,000,000 Ordinary shares outstanding 250,000 shares Cocoa Corporation contracted with a third-party appraiser to determine how much is the replacement cost of its assets. Based on the report of the appraiser, the property and plant has replacement cost of 125% of its reported value. 0n the other hand, the equipment only commands replacement cost of 70% of its value. According to the appraiser, the equipment was designed using an old technology, thus, the lower replacement cost. Other assets and liabilities are valued fairly. 8. How much is the noncurrent assets reected in the books of Coca Corporation as of December 31, 2021? 9. How much is the book value per share of Coca Corporation as of December 31, 2021? 10. How much is the replacement value of the noncurrent assets of Cocoa Corporation? 11. How much is the replacement value per share of Coca Corporation as of December 31, 2021
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