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Compute the debt to asset ratio

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Reference no: EM132918898

Question - In 2X20, ABC Company has the following data on its statement of financial position:

Cash - P15,000,000

Marketable securities - P20,000,000

Property, plant, and equipment - P30,000,000

Long-term debt - P36,000,0000

Inventory - P25,000,000

Short-term debt - P15,000,000

Accounts payable - P15,000,0000

During the year, the company reported a P12,000,000 of net income. The company's total asset in the previous year was P60,000,000.

Requirement -

1. Compute the current assets?

2. Compute the current liabilities?

3. Compute the current ratio?

4. Compute the debt to asset ratio?

5. Compute the return on assets?

Reference no: EM132918898

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