A business has total assets of P 381,000 and owner’s equity of P 264,000. How much were the liabilities? Group of answer choices P117,000 P264,000 P381,000 Cannot be dete
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A business has total assets of P 381,000 and owner’s equity of P 264,000. How much were the liabilities?
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- Assume that a company has current assets of R60 000, current liabilities of R5 000 and prepaid expenses of R5 000. Calculate the quick ratio of the company? Select one: a. 1.86 b. 0.58 c. 1.71 d. 12Choose the correct letter of answer A firm has current liabilities and current ratio are P5,000.00 and 2.0, respectively. What is the total of its current assets? *a. P10,000.00b. P10,500.00c. P15,000.00d. P20,000.00e. P40,000.00If the company's assets in TL: cash 100.000, accounts receivable 50.000, inventory 150.000, and building 200.000 (market value 300.000) and the liabilities 300.000. How much is the net assets under recorded value approach? Select one: a. 300.000 b. 400.000 c. 200.000 d. 600.000
- If a business has the following balances, what would be the amount of total liabilities?ASSETSCash $ 5000Accounts Receivable 2575Equipment 14000OWNER'S EQUITYAnne Miller, Capital 26001. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity?* a. P800,000 b. P400,000 c. 3 d. 1/3What is the amount of ASSETS when liabilities are OMR 30,000 and capital is OMR 70,000? O a. OMR 30,000 O b. OMR 40,000 O c. OMR 70,000 O d. OMR 100,000
- If the value of liabilities is 80000 OMR and owner's equity is 30000 OMR. Calculate the amount of Assets? Select one: a. 110000 OMR b. 100000 OMR c. 90000 OMR d. 10000 OMRAssets - Liabilities = Owner's Equity $81, 600 $17,000 ? 430,185 ? $373,065 44,625 42,917 ? ? 591,600 843,285 974,534 ? 319,439 Calculate the missing values indicated with a ?H1. Question 4. Calculate the Current assets from the following: Current liabilities $35978, Current ratio 3. a $11992.70 b $11900 c $107934
- What is the owner's equity?A. $ 461,000.00B. $ 360,137.00C. $ 645,655.32D. $ 375,137.00Liquid Company has the following information available at year end 2018: Cash Notes payable (current) P40,000 Common stock P140,000 P500,000 Gross income Plant and Equipment, net Total assets P60,000 P252,000 P480,000 Additional data: Current ratio 1.9:1.0 Debt-to-equity Inventory turnover based on (Sales divide by ending inventory) Inventory turnover based on (Cost of sales divide by ending inventory) 1.4:1.0 15 times 10 timesAssume that fixed assets, Long-term liabilities, current liabilities, and equity of the company is OMR 20000, OMR 15000, OMR 10000, OMR 25000 respectively. Compute the current assets of the company. a. OMR 50000 b. OMR 35000 c. OMR 20000 d. OMR 30000