Reference no: EM132543546
Question 1: The retained earnings of Camil Company are P1,500,000 and P275,000 for 2019 and 2018, respectively. The net income for 2018 is P250,000. The preferred shareholder is to receive 10% of his or her equity. How much will be given to the common shareholder if the equity of the preferred shareholder is P1,250,000?
Question 2: On January 1, 2019, Pau Company's beginning inventory was P400,000. In 2019, Pau Company purchased P1,900,000 of additional invent0oy. On December 31,2 019, the inventory was P500,000, What is the inventory turnover for 2019?
Question 3: Asar Corporation had a current ratio of 2.0 at the end of 2014. Current assets and current liabilities increased by equal amounts in 2018. What are the effects on the net working capital and on the current ratio, respectively?