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How much was the net income or loss during the period

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Problem - Kha Foi Nah Company has a Total assets of 1,000,000 at the beginning of the period and it was determined that the Debt-to- Equity ratio is 25%. As of the end of the year, total assets increased by 750,000. The Debt-to-Asset ratio as of the end of the year is 45%. There were no movements in the Shareholder's Equity account except for the declaration to pay cash dividends of P200,000 and the results of the company's operations. How much was the net income or loss during the period?

Reference no: EM132977038

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