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Determine the brewster company total assets

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Reference no: EM133090112

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Q1. Brewster Company's debt-to-equity ratio is 0.80. Current liabilities total P50,000 and long term liabilities total P200,000. Determine the Brewster Company's total assets?

Q2. Selected data from Jerry Corporation's financial statements follow:

Current ratio 3.0

Acid-test ratio 1.75

Current liabilities P120,000

Inventory turnover 8

Gross profit margin as a percentage of sales 40%

The company has no prepaid expenses and there were no changes in inventories during the year. Determine the Jerry Corporation's net sales for the year?

Reference no: EM133090112

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