Reference no: EM132934242
Questions -
Q1) The following account balances have been provided for the end of the most recent year:
Total assets P150,000
Total stockholders' equity P120,000
Total common stock P50,000 (5,000 shares)
Total preferred stock P10,000 (1,000 shares)
What the book value per share of common stock?
a. P22.
b. P25.
c. P20.
d. P28.
Q2) The total assets of the XYZ Company on January 1, 2020 were P2.3 million and on December 31, 2020 were P2.5 million. Net income for 2020 was P188,000. Dividends for 2020 totaled P75,000, interest expenses totaled P70,000, and the tax rate was 30%. What the return on total assets for 2020?
a. 9.5%.
b. 6.8%.
c. 9.9%.
d. 10.8%.
Q3) XYZ Company has P17,000 in cash, P3,000 in marketable securities, P36,000 in current receivables, P24,000 in inventories, and P45,000 in current liabilities. What the company's acid-test (quick) ratio?
a. 1.78 to 1.
b. 1.24 to 1.
c. 0.80 to 1.
d. 0.44 to 1.
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