What amount should camil company report as cash

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Reference no: EM132543552

Question 1: The following bits of information are available from the accounting records of Pau Corporation for the year ended December 31,2019?

Cash received from customers 5,000,000

Rent received 100,000

Interest received 50,000

Cash paid to suppliers and employees 3,000,000

Taxes paid 200,000

Interest paid on long-term debt 400,000

Cash dividends paid 500,000

The net cash provided by operating activities for 2019 was ______.

Question 2: On December 31, 2018, Camil Company had the following balances in the accounts it maintains at RBPO:

Checking account No. 201 800,000

Checking account No. 202 ( 100,000)

Money market account 500,000

BSP Treasury bill, 90 days due March 1, 2019 300,000

BSP Treasury bill, 120 days due January 1, 2019 400,000

On its December 31, 2018 statement of financial position, what amount should Camil Company report as cash and cash equivalents?

Question 3: The following figures are taken from Kathames Company's financial statement for the calendar year 2019 and 2018:

                                                     2019                            2018

Total assets                                        900,000              750,000

Long-term debt (12% interest rate)        125,000

8% Preferred stocks, P100 par value          225,000              225,000

Total stockholder's equity                         600,000             550,000

Net income (after tax of 30%)                     70,000

What is the return on average total assets?

Reference no: EM132543552

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