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How much is the debt to total assets ratio

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Question -

1. If total assets amounted to P600,000 and the total equity amounted to P100,000, how much is the debt to total assets ratio?

2. If the company makes use of 365 days and their A/R turnover ratio is 7, how long is their average collection period?

3. Net sales for the year is P900,000. If cost of goods sold in P400,000, what is the gross profit ratio?

4. If current assets amounting to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity?

5. If gross profit is at 1,170,000 and net sales at 3,270,000, compute for the gross profit rate?

6. If net sales is P200,000 and average accounts receivable is P50,000, what is A/R turnover ratio?

Reference no: EM133180560

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